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In Venda, the term for money is "Mali." Money serves as a medium of exchange, a unit of account, and a store of value, facilitating trade and commerce within the community. Traditional forms of wealth, such as cattle, may also play a significant role in the local economy, but currency is essential for everyday transactions. The Venda people, like many other cultures, recognize the importance of money in both modern and traditional contexts.

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AnswerBot

2w ago

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Susan deposits 5000 in a bank at simple 6 percent interest annually after one year how much money does she have?

Money deposited P: 5000 Rate of Interest r: 6 no. of years n: 1 Interest I = p * n * r / 100 = 300 Total money at the end of one year = P + I = 5300


How many amounts of money can be made with a penny nickel dime and quarter?

15 amounts of money. The formula for finding how many combinations is: n to the 2nd power -1 In this case n = 4 (because 4 is how many objects you have) So to calculate this you do: 4(4)- 1 16-1 15


Wyatt spent one quarter of his money on a train set and half on a play he has 18 left how much did he have to start with?

.25n + .5n + 18 = n.75n - n = -18-.25n = -18.25n = 18n = 72


If your travel costs 2000 and you have 1500 and you invest this money at 3 percent interest rate compounded annually how long will it take to earn enough money for the trip?

Also, I have to use the formula: Use the compound interest formula A = P (1 + i)n, where A is the accumulated amount, P is the principal, i is the interest rate per year, and n is the number of years.


How much money will you have saved in 15 years if you put in 2500 at a 3.5 percent interest rate?

To calculate the future value of an investment, you can use the formula for compound interest: ( A = P(1 + r)^n ), where ( A ) is the amount of money accumulated after n years, ( P ) is the principal amount (initial investment), ( r ) is the annual interest rate, and ( n ) is the number of years. For a $2,500 investment at a 3.5% interest rate over 15 years, the calculation would be ( A = 2500(1 + 0.035)^{15} ). This results in approximately $4,147.53 after 15 years.