3. Mrs Naidoo wants to buy a new kitchen cabinet on which she can place her new microwave. Mrs Naidoo notices one advertised for R3 999,00. She decides to
save until she has enough cash to pay for the kitchen cabinet. She uses her
December bonus of R2 900,00 to deposit into her savings account where she
is offered 3,5% p. a. compound interest.
Determine if Mrs Naidoo will be able to afford the kitchen cabinet a year later if she
adds R960,00 to the saved amount.

please help
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