Riah wants to buy a car that costs R125 000. The deposit is R29 00 .the bank charges a once off fee of R1 140; added to the loan amount before the interest is calculated at 9;75% coumpoud per year. The administration fee is R57 per month

1. What is the total amount of the loan that Riah has to get from the bank???

2. Write down the amonth of her monthly payment if it is R2 052; 01 plus the administration fee

3. What is the total amount she will have paid back after 5 years? ?

4. How much interest did she pay??

5 .how mush did the car cost in total? ?

here R is the simble of Currency same as dollar $

Answer rating: 100% (QA)

Lets break down the problem step by step 1 Total amount of the loan Loan amount Cost ... View the full answer