Page 12 - Mathematics Literacy Grade 11
P. 12

Each month the account is increasing by 5%.


               Exercise 2

               1.      Adrian has invested an amount of R10 000, 00 in a fixed deposit account at
                       an interest rate of 5, 32% per annum.

               1.1.    How much money will be in the deposit account at the end of the first year?
                       Show working.

               1.2     The formula: current year’s balance = previous year’s balance + 5, 32% x
                       previous year’s balance. Use this formula to calculate the missing values in
                       the following table

                Years                        0             1         2         3         4       5
                Account Balance              R10000


               1.3     Draw a graph to represent the data in question 1.2





















































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