Answered

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7.2
Asemahle has just received a gift of R500 from her grandmother and she
promises another R 500 in a year's time. She decides to invest this money in an
account which pays 8,5% p.a. compounded annually. How much additional money will
she have to save to add to her investment after two years if she withdraws all the
money for her trip?
(5)

Sagot :

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