Your mom decides to buy you a car of R146 000.00
By
Desmond
1. A newspaper company buys a printing press for R 179 800 in 2003. They decide that the printing press should be replaced in 7 years- time. a) If the machine …
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Formula for simple interest
By
Desmond
A is the final value of the money invested or borrowed, or the total Accumulated value, i.e. the interest accrued. P is the principal or initial amount investe…
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Effective interest rate of 14% per annum
By
Desmond
1. After moving to a new house, you buy a number of household items for a total of R34 300. You are able to finance the purchase of these goods under the follo…
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Peter takes a loan of R510 000.00
By
Desmond
1. Peter takes out a loan of R510 000 to be able to buy a house. He pays back the loan over a period of 20 years, starting one month after he bought the house.…
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Naledi open savings account
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Desmond
1. From Study and Master Grade 12 Naledi opens a savings account, in which she plans to deposit R500 per month for a year. If interest is paid at 12% per annum…
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Motor car bought at R200 000.00
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Desmond
1. R100 000 invested at 12% p.a., compounded monthly, grows to R181 669,67. For how long was the money invested? 2. From Step Ahead Mathematics Grade 12 A long…
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Diagnostic test on grade 10 and 11 curriculum
By
Desmond
1. From Focus on Mathematics Grade 11 In 2003, it was estimated that 4,7 million South Africans were infected with HIV. It was estimated that the number of HIV…
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