Please help me with the homework
1. R2000 invested on the 6 march 2016 at simple interest rate of 15% p.a. accumulated to R2240. Calculate the date on which this transaction matured.
2. A certain amount of money was invested on the 3 march 2016 at a simple interest rate of 12%p.a. and accumulated to R612 on the 2 may 2016. How much was the money?
For 2., the invested amount accumulated to R612. With the term/time
being 2 months, or , we get the following:
Amount invested, or