# Maths Paper 1, November 2024, question 7.1

> On the day Sipho was born, his aunt invested R10 000 in a savings account. Marked mark by mark. Q7.1, Maths Paper 1 November 2024, 3 marks.

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Last updated: 2026-11-12

Subject: Maths. Source: Based on Nov 2024 · Paper 1 · Q7.1. Marks: 3. Not yet checked by a teacher.

## Question 7.1 (3 marks)

On the day Sipho was born, his aunt invested R10 000 in a savings account. The account earns interest at 4% p.a., compounded quarterly. Calculate how much is in the account on Sipho’s $10^{\text{th}}$ birthday, if nothing is added or withdrawn.

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[Answer this question](https://sharpkop.co.za/maths/2024-nov-p1/q7-1/) and see it marked mark by mark, with the reason for every lost mark.

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