Question: 1 (ADAPTED FROM ACE IT STUDY GUIDE, MATH LIT & NSC NO After the death of their father, Nikiwe and Bondwe each received #100 000

1 (ADAPTED FROM ACE IT STUDY GUIDE, MATH LIT & NSC NO After the death of their father, Nikiwe and Bondwe each received #100 000 from their late father's estate. They both decided to invest the money over a 3-year period according to the following options Nikiwe 9,5% p.a. simple interest Boniwe: 9% compounded annually. Who will have a larger amount after 3 years? Justify your answer w appropriate calculation. Nikiwe decides to buy a dishwasher based on the advertisement below and opting for the instalment option. BEST BUY DEALERS Page 3 of 52 Dishwasher Cash price: R2 699,00 OR Only 10% deposit plus 24 equal monthly instalments of R177,53 1. What is the balance owing after paying the deposit? (2) 2. Calculate the total cost of the dishwasher if Thandi opts for the hire purchase option. (3)

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