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. Xolani invested her money 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?

/in /by

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. Xolani invested

her money 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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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. Xolani invested her money 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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