Answer:
1. 14.666 ¯ over the 3
2. 14.034 ¯ over the 3
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:
4
Step-by-step explanation:
3x2=6
6 times what gives 24?
6x4=24
So x=4
5/16
You have to simplify both sides of the equation, then isolating the variable.