Parry Johnson
05/21/2023 · Elementary School
When his son was three years old, Vuyisanani made a deposit of R16 200,00 in the bank. The investment grew at a simple interest rate and, when Vuyisanani's son was 22 years old, the value of the investment was R46 980,00 . Had the interest been \( 1,25 \% \) less, how much interest would he have accumulated in the 19 years?
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If the interest rate was \( 1.25\% \) less, Vuyisanani would have accumulated R27,075.00 in interest over 19 years.
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