In November 2024
Answer to Question #328542 in Financial Math for Busi
When his son was three years old, Vuyisanani made a deposit of R16 200,00 in the bank. The investment
grew at a simple interest rate and when Vuyisanani’s son was 22 years old, the value of the investment was
R46 980,00. Had the interest been 1,25% less, how much interest would he have lost?
Answer in progress...
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