Ortega Rowe
06/12/2023 · Primary School
2. Marli planned to invest equal amounts into a savings account on 1 December 2014 and on 1 December 2015 to have accumulated an amount of R 7110 by 1 December 2016. If this account earns interest at \( 12 \% \) p.a. compounded annually, how much money should Marli deposit into the account on each occasion?
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Marli should deposit approximately R 2997.49 on each occasion.
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