monthly, to make provision for these events?
(h)* Ongopotse opens a savings account with an amount of R1 000. Three years later he
withdraws Rx. Another year later, he deposits an additional R2x. The interest rate is 4%
p.a. compounded monthly. Eight years after he opened the account, his balance is
R2 101,95, Calculate the value of x.

Question

11-07-2024
Mathematics

Answered

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monthly, to make provision for these events?
(h)* Ongopotse opens a savings account with an amount of R1 000. Three years later he
withdraws Rx. Another year later, he deposits an additional R2x. The interest rate is 4%
p.a. compounded monthly. Eight years after he opened the account, his balance is
R2 101,95, Calculate the value of x.

Sagot :

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