Mathematics

Mathematics, 22.01.2021 14:00, hgiaculliozdjov

Fatima invested R10000 into an investment offering 8% p. a. compounded quarterly. At the same time Bongi invested R10000 into shares which depreciated at a rate of 4.5% p. a. on the reducing balance method . Calculate how much better off Fatima is the Bongi after 5 years.

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