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1 year ago

12

Peter invests R4000 for 6years at an interest rate of 16% per annum compounded monthly.calculate the value of the investment at

the end of the six year period

1 answer:

AlexFokin [52]1 year ago

7 0

Answer:

$principle \: \times rate \times time \div 100\%$

4000×16%×6÷100%=3920

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