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21-08-2022
Mathematics

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Thabo opens an investment account and invest an amount of money at 8.00% interest per year, compounded monthly. After a number of years, he has accumulated an amount of R 7 365.00 in the account. The investment earned R2 000.00 interest in this period. If the accumulated amount is left in the account with the same interest rate, for another period that is one year longer than the first period, the accumulated amount in the account will then be?

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