Mary deposited R25 000 into a savings account with an interest rate of 18% p.a.,
compounded monthly. Mary withdrew R8 000 from the account 2 years after
depositing the initial amount. She deposited another R4 000 into this account 3½
years after the initial deposit. What amount will Mary have 5 years after making the
initial deposit in this account?

Question

09-07-2024
Mathematics

Answered

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Mary deposited R25 000 into a savings account with an interest rate of 18% p.a.,
compounded monthly. Mary withdrew R8 000 from the account 2 years after
depositing the initial amount. She deposited another R4 000 into this account 3½
years after the initial deposit. What amount will Mary have 5 years after making the
initial deposit in this account?

Sagot :

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