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A 'neighbourhood lender' lends money to three people Tony, Janice and Silvio as follows. Туре of interest Amount Borrower Duration Rate borrowed 10% pa 5% pa 8 % pa Tony 2 years 2 years 2 years R20 000 Compound Simple Compound Janice R12 000 Silvio R35 000 How much money in interest alone does the lender earn at the end of 2 years? A. R10 764 B. R10 800 C. R11 224 D. R11 254

A 'neighbourhood lender' lends money to three people Tony, Janice and Silvio as follows. Туре of interest Amount Borrower Duration Rate borrowed 10% pa 5% pa 8 % pa Tony 2 years 2 years 2 years R20 000 Compound Simple Compound Janice R12 000 Silvio R35 000 How much money in interest alone does the lender earn at the end of 2 years? A. R10 764 B. R10 800 C. R11 224 D. R11 254

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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How  much money in interest alone does the lender earn at the end of 2 years

A 'neighbourhood lender' lends money to three people Tony, Janice and Silvio as follows. Amount Туре of Borrower Duration Rate borrowed interest 2 years 2 years 2 years Tony R20 000 10% pa R12 000 R35 000 5% pa 8 % pa Compound Simple Compound Janice Silvio How much money in interest alone does the lender earn at the end of 2 years? A. R10 764 B. R10 800 C. R11 224 D. R11 254
Transcribed Image Text:A 'neighbourhood lender' lends money to three people Tony, Janice and Silvio as follows. Amount Туре of Borrower Duration Rate borrowed interest 2 years 2 years 2 years Tony R20 000 10% pa R12 000 R35 000 5% pa 8 % pa Compound Simple Compound Janice Silvio How much money in interest alone does the lender earn at the end of 2 years? A. R10 764 B. R10 800 C. R11 224 D. R11 254
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