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A savings account was opened with an initial deposit of R24 000. Eighteen months later R7 000 was withdrawn from the account.
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A savings account was opened with an initial deposit of R24 000. Eighteen months later R7 000 was withdrawn from the account.A savings account was opened with an initial deposit of R24 000. Eighteen months later R7 000 was withdrawn from the account. Calculate how much money ...
by Pieter SIlver Status
(18,309 points)
asked in Mathematics Jan 11
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Tebogo made an initial deposit of R15 000 into an account that paid interest at \(9,6 \%\) p.a., compounded quarterly.
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Tebogo made an initial deposit of R15 000 into an account that paid interest at \(9,6 \%\) p.a., compounded quarterly.Tebogo made an initial deposit of R15 000 into an account that paid interest at \(9,6 \%\) p.a., compounded quarterly. Six months later she withdrew R ...
by Pieter SIlver Status
(18,309 points)
asked in Mathematics Jan 11
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The nominal interest rate of an investment is \(12,35 \%\) p.a., compounded monthly. Calculate the effective interest rate.
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Mary deposited R25 000 into a savings account with an interest rate of \(18 \%\) p.a., compounded monthly.
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Mary deposited R25 000 into a savings account with an interest rate of \(18 \%\) p.a., compounded monthly.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 yea ...
by Pieter SIlver Status
(18,309 points)
asked in Mathematics Jan 11
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Sipho invested R30 000 for 6 years. The investment earned interest at \(12 \%\) p.a., compounded monthly for the first two years.
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Nhlanhla made an initial deposit of R20 000 into an investment account that paid interest at the rate of \(7,2 \%\) p.a., compounded quarterly.
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Calculate the effective interest rate per annum if an investment earns interests at a rate of \(11,5 \%\) p.a., compounded monthly.
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What is compound interest?
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What is compound interest?What is compound interest? ...
by Pieter SIlver Status
(18,309 points)
asked in Economics & Finance Jan 11
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Your car can drive 300 miles on a tank of 15 gallons. How far can it drive on 40 gallons?
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Your car can drive 300 miles on a tank of 15 gallons. Express this as a rate.
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Your car can drive 300 miles on a tank of 15 gallons. Express this as a rate.Your car can drive 300 miles on a tank of 15 gallons. Express this as a rate. ...
by MathsGee Platinum
(104,076 points)
asked in Mathematics Jan 3
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What is a unit rate?
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What is a unit rate?What is a unit rate? ...
by MathsGee Platinum
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asked in Mathematics Jan 3
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Considering the last sentence, can we conclude that the number of "dropout factories" was originally 34 ?
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Considering the last sentence, can we conclude that the number of "dropout factories" was originally 34 ?A Seattle Times article on high school graduation rates reported "The number of schools graduating 60 percent or fewer students in four years - s ...
by MathsGee Platinum
(104,076 points)
asked in Mathematics Jan 3
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In the news, you hear "tuition is expected to increase by \(7 \%\) next year." If tuition this year was \(\$ 1200\) per quarter, what will it be next year?

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Use this information to update the error rate probability distribution and hence determine whether your advice needs amendment.
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Use this information to update the error rate probability distribution and hence determine whether your advice needs amendment.The senior partner in a local accountancy firm is concerned about the error rate amongst assessments issued by her office. A careful check over the pa ...
by MathsGee Platinum
(104,076 points)
asked in Economics & Finance Nov 16, 2021
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Show that \(\frac{1-\sqrt{2}}{3+2 \sqrt{2}}\) can be written as \(7-5 \sqrt{2}\)
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Show that \(\frac{5+2 \sqrt{3}}{2+\sqrt{3}}\) can be written as \(4-\sqrt{3}\)
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How do you calculate the expected return?
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How do you calculate the expected return?How do you calculate the expected return? ...
by MathsGee Platinum
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asked in Economics & Finance Nov 3, 2021
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Discuss the distinction between the required rate of return and the expected rate of return
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Define the required rate of return
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Define the required rate of returnDefine the required rate of return ...
by MathsGee Platinum
(104,076 points)
asked in Economics & Finance Nov 3, 2021
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What are the two factors that influence the nominal risk-free rate?
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What are the two factors that influence the nominal risk-free rate?What are the two factors that influence the nominal risk-free rate? ...
by MathsGee Platinum
(104,076 points)
asked in Economics & Finance Nov 3, 2021
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