1.1 Indicate the difference between simple interest and compounded interest. (2) 1.2 Mr Omar wants to make an investment of R125 000 in one on the well-known banks in South Africa. He then approaches three banks (Bank A, Bank B and Bank C) which offered him different investment options. Bank A: 11,5% compounded annually for 5 years. Bank B: 11,11% compounded quarterly for 5 years. Bank C: 11, 3% compounded half yearly for 5 years. Calculate the return from each investment after 5 years and recommend to Mr Omar which bank should he invest in and why. (11) 1.3 Ms Marawa wants to join a ladies stokvel with her friends. She then chooses to be the last one to receive the money so that she can have a lot of money at the end of the year (December 2023). In their stokvel, they each contribute R2000 at the end of each month to the person who is supposed to receive the money. 1.3.1 Do you think that Ms Marawa made the right choice by choosing the last spot? Recommend the best spot to Ms Marawa.