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Answer to Question #329278 in Financial Math for Busi

Question #329278

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?

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