Salazar Cummings
10/06/2023 · Elementary School
1. R18000 is deposited in a savings account for 9 years. The interest for the first 4 years is \( 8 \% \) p.a., compounded annually, and then increases to \( 9,5 \% \) p.a. for the next 5 years. Calculate the total amount accumulated in the account at the end of 9 years.
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The total amount accumulated in the account after 9 years is approximately R37763.36.
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