Rosalia deposited a once-off amount of R25 000 into an account earning 9,75% interest per year, compounded quarterly. After five years, the interest rate changed to 10% per year, compounded weekly. At this stage she decided to deposit an extra R500 into this account, every week. After she has owned this account for a total of nine years, Rosalia decides to close the account. The amount of money that Rosalia can expect to withdraw after nine years is O A. R188 074,50. OB. R167 519,80. O C. R129 000,00.. OD. R168 194,18.
Rosalia deposited a once-off amount of R25 000 into an account earning 9,75% interest per year, compounded quarterly. After five years, the interest rate changed to 10% per year, compounded weekly. At this stage she decided to deposit an extra R500 into this account, every week. After she has owned this account for a total of nine years, Rosalia decides to close the account. The amount of money that Rosalia can expect to withdraw after nine years is O A. R188 074,50. OB. R167 519,80. O C. R129 000,00.. OD. R168 194,18.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
![Rosalia deposited a once-off amount of R25 000 into an account earning
9,75% interest per year, compounded quarterly. After five years, the interest
rate changed to 10% per year, compounded weekly. At this stage she decided
to deposit an extra R500 into this account, every week. After she has owned
this account for a total of nine years, Rosalia decides to close the account.
The amount of money that Rosalia can expect to withdraw after nine years is
O A. R188 074,50.
O B.R167 519,80.
O C. R129 000,00..
OD. R168 194,18.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F181bbc27-daf4-4df7-b545-70f978e8efba%2F0e8c30ec-ad36-4b96-aed9-4eebc0e9b065%2Ffpuixm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Rosalia deposited a once-off amount of R25 000 into an account earning
9,75% interest per year, compounded quarterly. After five years, the interest
rate changed to 10% per year, compounded weekly. At this stage she decided
to deposit an extra R500 into this account, every week. After she has owned
this account for a total of nine years, Rosalia decides to close the account.
The amount of money that Rosalia can expect to withdraw after nine years is
O A. R188 074,50.
O B.R167 519,80.
O C. R129 000,00..
OD. R168 194,18.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Advanced Engineering Mathematics](https://www.bartleby.com/isbn_cover_images/9780470458365/9780470458365_smallCoverImage.gif)
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
![Numerical Methods for Engineers](https://www.bartleby.com/isbn_cover_images/9780073397924/9780073397924_smallCoverImage.gif)
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
![Introductory Mathematics for Engineering Applicat…](https://www.bartleby.com/isbn_cover_images/9781118141809/9781118141809_smallCoverImage.gif)
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
![Advanced Engineering Mathematics](https://www.bartleby.com/isbn_cover_images/9780470458365/9780470458365_smallCoverImage.gif)
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
![Numerical Methods for Engineers](https://www.bartleby.com/isbn_cover_images/9780073397924/9780073397924_smallCoverImage.gif)
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
![Introductory Mathematics for Engineering Applicat…](https://www.bartleby.com/isbn_cover_images/9781118141809/9781118141809_smallCoverImage.gif)
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
![Mathematics For Machine Technology](https://www.bartleby.com/isbn_cover_images/9781337798310/9781337798310_smallCoverImage.jpg)
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
![Basic Technical Mathematics](https://www.bartleby.com/isbn_cover_images/9780134437705/9780134437705_smallCoverImage.gif)
![Topology](https://www.bartleby.com/isbn_cover_images/9780134689517/9780134689517_smallCoverImage.gif)