Question 7

7.1 A company bought machinery costing R80 000. Using the reduced balance method the machinery had a book value of R20 000 after 5 years. Calculate the rate of depreciation. (3) 7.2 Calculate the effective interest rate if interest is compounded at 5% p.a., compounded quarterly (3) 7.3 Sipho invested R30 000 for 6 years. … Read more