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24. Max invests R x in an account that pays interest at 8.5% per annum compounded yearly. After three years, he deposits a further R 8200 in the account. Eight years after the initial investment, the amount in the account is R 24 813.91. The value of x is closest to: A. R 6500 B. R7100 C. R 6200 D. R 6800

24. Max invests R x in an account that pays interest at 8.5% per annum compounded yearly. After three years, he deposits a further R 8200 in the account. Eight years after the initial investment, the amount in the account is R 24 813.91. The value of x is closest to: A. R 6500 B. R7100 C. R 6200 D. R 6800

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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24. Max invests Rx in an account that pays interest at 8.5% per annum compounded yearly. After three years, he deposits a further R 8200 in the account. Eight years after the initial investment, the amount in the account is R 24 813.91. The value of x is closest to: A. R 6500 B. R7100 C. R 6200 D. R 6800 25. A customer purchases a burger and a can of soda and pays R 82. The burger costs R 28 more than twice the price of the can of soda. How much will 5 burgers cost? A R 290 B. R 340 C. R 320 D. R 360 h
Transcribed Image Text:24. Max invests Rx in an account that pays interest at 8.5% per annum compounded yearly. After three years, he deposits a further R 8200 in the account. Eight years after the initial investment, the amount in the account is R 24 813.91. The value of x is closest to: A. R 6500 B. R7100 C. R 6200 D. R 6800 25. A customer purchases a burger and a can of soda and pays R 82. The burger costs R 28 more than twice the price of the can of soda. How much will 5 burgers cost? A R 290 B. R 340 C. R 320 D. R 360 h
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