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in Grade 12 by Master (810k points)

Using the simple interest method, calculate the return earned by Basil over a period of 12 months.
Give TWO reasons why Basil's investment in a fixed-deposit account is good.

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by Master (810k points)
 
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Interest = P x R x T = R10 000 x 12/100 x 12/12 = R1 200.
Low risk because return is guaranteed. The return of 12% may be better than other forms of investment. (Any other relevant answer related to the reasons why the investment is good.)

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