Guerrero Boone
08/25/2024 · Junior High School
A savings account was opened with an initial deposit of R24 000 . Eighteen months later R7000 was withdrawn from the account. Calculate how much money will be in the savings account at the end of 4 years if the interest rate was 10,5\% p.a., compounded monthly.
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The amount in the savings account at the end of 4 years will be approximately R27,456.36.
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