Grade 11 Financial math: Monthly Compounded Interest - Practice problem 2
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Grade 11 Financial math: Monthly Compounded Interest - Practice problem 2
In this video, we dive into the world of monthly compounded interest as we follow Khwezi's investment journey. Khwezi invests R5,000 into an account with an annual interest rate of 27%, compounded monthly. Join us as we calculate how much Khwezi will have in 9 months, exploring the power of compound interest and its impact on investment growth ...
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