Question

Question 1 The straight line passing through points (-3: 1) and (1: -1) is... 1] a descending line. (2) an ascending line. a vertical line. a horizontal line 4 Question 2 Joseph invests R36000 at a simple interest rate of 6% per year. How long will it take for Joseph's investment to grow to R55 440 5.8 years 2 7.4 years (3] 9.0 years 1.1 month (4 16 BNU1501 Question 3 How much, to the nearest rand, can Lerato borrow from a bank if she can repay the loan by means of quarterly payments of R2000, starting at the end of the first quarter? The interest rate is 18% per annum, compounded quarterly, and the duration of the loan is 10 years. Assume that the interest rate will stay fixed for the term of the loan. R214061 R50 206 R240000 3 (4) R36 803 Question 4 What would the difference in interest earned be if R3750 is invested for 3 years at 8% simple interest per year versus if it is invested for the same period at 8 % per year, compounded yearly? R973.92 2) R73,92 R3676.08 (4 R3 823,92 Question 5 Sarah wants to save R100000 for a deposit on a townhouse. She wants to deposit R500 per week into a savings account that offers 9% interest per year, compounded weekly. How long will it take her to save enough for the deposit? 10.2 years (2) (33 4 14.3 years 3.3 years 4.7 years Question 6 Jacky bought a second-hand car for interest rate of 10,5 % per year, compounded monthly. The term of the loan was five years and the interest rate stayed fixed for the term of the loan. Determine Jacky's minimum monthly payment dealer in Pretoria managed from at an secure a R1019,51 (2) (3 R1719.51 R16 200,55 4 R1 333.33

Answer 1

6. The straight line (-3, 1) passing through A (1,-1). And you deconding line. (3.1) Q. josef invests 36000 Re, a at a simple intonst rate 67. per year. Now 6l, ok 36000 = 2160 Now the money will grow up to 25440Rs. that mean we have to calculate. How many years it will take to add (55440-36000) = 19440 Rs. to the invest money. 1944 each year. 2160 albo Rs.J. 30. yen.