QuestionsBianca has R 1450 to invest for 3 years. Bank A offers a savings account which pays simple interest at a rate of 11% per annum, whereas Bank B offers a savings account paying compound interest at a rate of 10,5% per annum. Which account would leave Bianca with the highest accumulated balance at the end of the 3 year period?
Motheo asked 2 years ago

According to the latest census, South Africa currently has a population of 57 000 000.

  1. If the annual growth rate is expected to be 0,9%, calculate how many South Africans there will be in 10 years time (correct to the nearest hundred thousand).
  2. If it is found after 10 years that the population has actually increased by 10 million to 67 million, what was the growth rate?