Burgess Mills
10/02/2023 · Senior High School
1.1 Warra invests R20 000 into a certain bank account for 6 years at an interest rate of \( 13 \% \) compounded annually. How much will Warra have in his account at the end of 6 years? 1.2 Thabo wants to have R200 000 in his savings account at the end of 8 years. If the bank's interest rate is \( 6.6 \% \) compound interest. Determine the amount that Thabo must invest
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1.1 Warra will have approximately R41,639.04 in his account after 6 years.
1.2 Thabo must invest approximately R119,942.30 to reach R200,000 in 8 years.
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