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10 questions from this quiz
Interest on principal and accumulated interest
A=P(1+i)nA = P(1 + i)^nA=P(1+i)n
Principal amount (initial investment)
Number of years
0.050.050.05
R37,874.31
R4,673.64
Exponentially (accelerates over time)
Around 13% p.a.
Longer periods amplify the compound effect
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