Marked out of 1.00 QUIZ Peo needs R30 835,42 to buy a second hand trailer.
Approximately how long will it take him to save towards this amount if he
deposits R25 000now into a savings account earning 10,5% interest per year
compounded weekly? a. 24 weeks b. 52 weeks c. 104 weeks d. 2 weeks
Clear my choice DSC1630-24-S2 Welcome Message Assessment 1
Question 5 Not yet answered Marked out of 1.00 QUIZ Enele invests an
amount of money in an account earning 13,88% interest per year,
For assistance whatsapp +254702715801
, compounded weekly. After fi ve years, this amount hasaccumulated to R50
000. The amount that was invested initially is a. R25 001,79. b. R29 515,94. c.
R15 300,00. d. R34 700,00. Clear my choice DSC1630-24-S2 Welcome
Message Assessment 1 Question 6 Not yet answered Marked out of 1.00
QUIZ Pretty has an individual retirement plan. Her money is invested in a
money market fund that pays interest on a daily basis. Over a two yearperiod
in which no deposits or withdrawals were made, the balance of her account
grew from R4 500 to R5 268,24. The effective interest rateover this period is
a. 6,1%. b. 5,8%. c. 8,2%. d. 9,0%. Clear my choice DSC1630-24-S2
Welcome Message Assessment 1 Question 7 Not yet answered Marked out
of 1.00 QUIZ Achmed won R120 000 in a competition and immediately
deposited the money into a savings account earning 8,5% interest per
annumcompounded monthly. Five months after winning, he withdrew a certain
amount for his son’s education. The balance in his account one yearafter
winning the money was R99 087,42. The amount he withdrew for his son’s
education was a. R25 223,22. b. R30 000,00. c. R33 000,00. d. R20 912,58.
Clear my choice DSC1630-24-S2 Welcome Message Assessment 1
Question 8 Not yet answered Marked out of 1.00 QUIZ On 16 April Bheka
deposited an amount of money in a savings account that earns 8,5% simple
interest. He intends to withdraw the balance ofR2 599 on 8 December of the
same year to buy his little sister a DVD player for Christmas. The amount of
For assistance whatsapp +254702715801
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller edwardsokengo. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.60. You're not tied to anything after your purchase.
