1) The accumulated amount after six years and the total interest that Trevor will receive if the interest rate is 4.5% per annum simple interest after 6 years are <u>R25,400</u> and <u>R5,400</u> respectively.
2) The accumulated amount after six years and the total interest that Trevor will receive if the interest rate is 4.5% per annum compound interest after 6 years are<u> R26,045.20</u> and <u>R6,045.20</u> respectively.
<h3>Data and Calculations:</h3><h3>Simple Interest:</h3>
Principal = R20,000
Investment period = 6 years
Interest rate = 4.5%
Simple interest for 6 years = R5,400 ($20,000 x 6 x 4.5%)
Principal + Interest = R25,400 (R20,000 + R5,400)
<h3>Compound Interest:</h3>
Principal = R20,000
Investment period = 6 years
Interest rate = 4.5%
N (# of periods) = 6 years
I/Y (Interest per year) = 4.5%
PV (Present Value) = R20,000
PMT (Periodic Payment) = R0
<u>Results</u>:
FV = R26,045.20
Total Interest = R6,045.2
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6 yds, 9 ft, 4 in
1 yd = 36 inches...so 6 yds = (6 x 36) = 216 inches
1 ft = 12 inches....so 9 ft = (9 x 12) = 108 inches
and then we have the 4 inches
add : 216 + 108 + 4 = 328 inches.......x 2 = 656 inches
12 yds , 18 ft, 8 in = 12(36) + 18(12) + 8 = 656 inches
answer is : 12 yds, 18 ft, 8 in
