Grade 11 Maths · Financial Maths · Paper 1

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Question 8.3 · November 2025 · Paper 1 · Provincial · 5 marks

8.3 Rodney starts an investment with a deposit of R25 000. Two years later, he deposits another R10 000. Exactly four years after he started the investment, he withdraws R5 000. For the first two years, the interest is calculated at 4% per annum, compounded monthly and thereafter it is calculated at 7% per annum, compounded semi-annually.

What is the accumulated amount of the investment exactly five years after the initial deposit?(5)

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  1. 4. Question 8.2.2 · November 2024 · Paper 1 · Provincial · 4 marks

    8.2 Koza deposits R15 000 into a bank account for a period of 10 years. The interest rate for the first four years is 6% per annum compounded monthly. For the next six years, the interest rate changes to 10% per annum compounded semi-annually.

    Answer the questions that follow.
    8.2.2 Hence, use the effective rates or otherwise, calculate the future value of the savings at the end of the ten-year period.(4)
    Show the memo (4 ticks)
    1. ✓
      First 4 years

      1 mark · Use the compound interest formula

    2. ✓
      Next 6 years

      1 mark · Use the compound interest formula

    3. ✓
      and and

      1 mark · Find i and n per period

    4. ✓
      Answer
      R34 224,26

      1 mark · Use the compound interest formula

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Financial Maths Grade 10 | Compound Interest | IntroductionKevinmathscience

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