2.1. The grade 10 learners at Earlcroft Secondary raised R3 800 at the cake sale.
They want to invest the money and were given the following options:
OPTION ONE:
BANK A
5.5%p.a.simple interest
For 2 years
OPTION TWO:
BANKB
4.5%p.a.
compounded
Annually over 2 years
2.1.1. Calculate the total amount that the learners would have at the end of
two years if they chose option one. Show all calculations.
(3)
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