Answer to Question #146358 in Finance for Tankiso

Question #146358
.1.What will my investment of R100 500 be worth if my bank pays me simple interest of 9% per annum and I invest my money for 180 days?
1
Expert's answer
2020-11-25T12:18:29-0500

Your investment worth after 180 days:

= Investment + Interest

= 100500 + 4461

= 100961

Answer: R100961


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