Introduction
Task
Ms Fasi borrowed R60 000 from women’s bank to start her small business and agreed to pay back the money at an interest rate of 8,5% that is compounded quarterly for 2 years, however she was offered a simple interest at a rate of 14% p.a for 5 years.
Prove by calculations that she made a bad choice. 6 marks
Process
Evaluation
you going to be credited according to the steps as you will be calculating.
Conclusion
Teacher Page
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