Question 8

8.1 Calculate the effective interest rate per annum if an investment earns 9,5% interest perannum, compounded monthly. (3) 8.2 The value of a house increased to R764 050,60 over a period of 5 years due to inflation.The price of the house increased at a rate of 5% p.a. compounded annually.Calculate the original price of the … Read more