byrdfarm
byrdfarm
24.06.2021 • 
Mathematics

Xolisile and Xolani are twins. To reward them for passing matric well, their parents gave them R20 000.00 each. Each one of them decided to invest three quarters of their money for a period of three years. Xolisile invested her money at a simple interest rate of 6.5% per annum an Xolani invested hers at an interest rate of 6.5% per annum, compounded annually. What is the difference between the values of the two investments at the end of the period.

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