Two years from now sipho has to pay alet

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Two years from now Sipho has to pay Alet R15000. He decides to pay her back earlier. If a simple rate of 12.5% per year is applicable, then the amount that Sipho will have to pay Alet nine months from now equals what?

Reference no: EM13781193

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Two years from now sipho has to pay alet : Two years from now Sipho has to pay Alet R15000. He decides to pay her back earlier. If a simple rate of 12.5% per year is applicable, then the amount that Sipho will have to pay Alet nine months from now equals what?

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