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Phuthi invests R25000 into an account on 7 February. It will accumulate to...

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Accounting

Phuthi invests R25000 into an account on 7 February. It will accumulate to R25570,08 on 10 November of the same year. The simple interest rate applicable is
a.12,33%.
b.3,02%.
c.13,04%.
d.7,77%.
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