An amount borrowed at 29% interest per year, compounded continuously, has accumulated to R38 279,20 after four years. The initial amount borrowed was [1] R13 823,05. [2] R12 000,00. [3] R12 005,53. [4] R17 721,85. [5] R7 160,73.
An amount borrowed at 29% interest per year, compounded continuously, has accumulated to R38 279,20 after four years. The initial amount borrowed was [1] R13 823,05. [2] R12 000,00. [3] R12 005,53. [4] R17 721,85. [5] R7 160,73.
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
Problem 1PS
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An amount borrowed at 29% interest per year, compounded continuously, has accumulated to R38 279,20 after four years. The initial amount borrowed was
[1] R13 823,05.
[2] R12 000,00.
[3] R12 005,53.
[4] R17 721,85.
[5] R7 160,73.
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