Wheeler Ross
12/27/2023 · Middle School
Sikhumbuzo deposits R30 000 in a bank account and leaves the money in the account for 4 years. For the first 2 years, interest is calculated at \( 4,3 \% \) p.a compounded quarterly. For the remaining 2 years, interest is calculated at \( 5 \% \) p.a. compounded monthly. How much mone will be in the account at the end of the 4 years?
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The total amount in the account after 4 years is approximately R36,000.
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