Turnbull Warner
03/30/2024 · Elementary School
Example 12 You need R 105000 in 12 years' time. How much money should you invest now if your investment earns simple interest at \( 12,25 \% \) per year?
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Invest approximately R 42,441.71 now to reach R 105,000 in 12 years with a 12.25% simple interest rate.
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