Multiple Choice
Suppose you put R100 into a savings account today, the account pays a simple annual interest rate of 6 percent, but compounded semi-annually, and you withdraw R100 after 6 months.What would your ending balance be 20 years after the initial R100 deposit was made?
A) R226.20
B) R115.35
C) R62.91
D) R9.50
E) R3.00
Correct Answer:
Verified
Correct Answer:
Verified
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