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Assume the total cost of a tertiary education will be R75 000 when your child enters university in 18 years. You presently have R7 000 to invest. What rate of interest must you …

Assume the total cost of a tertiary education will be R75 000 when your child enters university in 18 years. You presently have R7 000 to invest. What rate of interest must you …
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11 votes
Assume the total cost of a tertiary education will be R75 000 when your child enters university in 18 years. You presently have R7 000 to invest. What rate of interest must you earn on your investment to cover the cost of your child’s tertiary education?

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User BSchlinker
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7.4k points

1 Answer

11 votes

Answer: you need 5000 more

Step-by-step explanation: 70000 + 5000= 75000

answered
User Shawntavia
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8.2k points
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