Answer to Question #329114 in Economics for Bea

Question #329114

Tebogo borrowed R10 000 at 7,5% per year, compounded monthly. Determine the amount that Tebogo owes after 3 years.

[1] 12514,4614

[2] 13023, 23

[3] 12514,65

[4] 13023, 47

Expert's answer

[3] 12514,65

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