Answered

At Westonci.ca, we provide clear, reliable answers to all your questions. Join our vibrant community and get the solutions you need. Get quick and reliable solutions to your questions from a community of experienced experts on our platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

23 Joy Invest stokvel club has a Nedbank stokvel account offering 7,50% interest p.a. compounded
monthly. The club's details are as follows:
Number of members: 8
Monthly contribution: R1 500 per member
Number of months:
11 (January to November)
NB: The amount (total contributions, together with interest earned), is shared equally by
the members in the second week of December.
TABLE 2 in ANNEXURE C shows the growth of Joy Invest Stokvel Club's investment
Use TABLE 2 in ANNEXURE C to answer the questions that follow.
23.1
Calculate, without rounding off, the monthly interest rate.
(2)
23.2 Determine the missing values A and B.
(4)
2.3.3 Calculate the share each member receives at the end of the year when dividing the total
amount
(2)
[29]
​

Sagot :

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.