Answer:
The correct answer is 28
Step-by-step explanation:
Answer:
He must invest R297 521 today.
Step-by-step explanation:
The compound interest formula is given by:

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
Banabas must pay his ex-wife an amount of R350 000 in two years’ time.
This means that 
Interest rate of 8.15% per annum compounded monthly:
This means that
.
Amount he must invest today:
This is P. So




He must invest R297 521 today.
Answer:
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Step-by-step explanation:
I hope this helps you
f(8)=2.8+5=21
g(8)=3.8+6=30
f-g(8)=21-30= -9