Bartlett Ellis
09/12/2023 · Middle School
An amount of R1 965,00 is invested in an account paying \( 11,50 \% \) interest per year, compounded semi- annually. At the time of withdrawal, the amount of interest earned is R633,75. The number of years that the money was invested, rounded to two decimal places, is
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The money was invested for approximately 2.50 years.
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