Old MathJax webview

Old MathJax webview

Question 10 After seeing what she must pay Alfred, Thokozile decides to reschedule her debt as two equal payments: one payment now and one three years from now. Alfred agrees on condition that the new agreement, that will run from now, will be subjected to 10,67% interest, compounded quarterly. The amount that Thokozile will pay Alfred three years from nou is [1] R22 286,88 [2] R25103,93 [3] R32 500,00 14 R21 171,35. [5] none of the above. Question 11 Siya wants to buy a new state of the art computer for R35 000. He decides to save by depositing an amount of R500 once a month into an account earning 11,32% interest per year, compounded monthly. The approximate time it will take Siya to have R35 000 available is [1] 70 months. [2] 40 months. [3] 115 months. 14 54 months. [5] none of the above. Question 12 The accumulated amount after eight years of monthly payments of R1 900 each into an account earning 9,7% interest per year, compounded monthly, is [1] R274 069,25. 121 R182 400,00 [3] R126 532,64 14 R395 077,74 [5] none of the above. Question 13 Vanessa decides to invest R140 000 into an account earning 13,5% interest per year, compounded quarterly. This new account allows her to withdraw an amount of money every quarter for ten years after which time the account will be exhausted. The amount of money that Vanessa can withdraw every quarter is [1] R3 500,00 [2R1 704,28 [3] R6 429.28. 14 R8 594,82 151 none of the above. Question 7 If money is worth 12% per annum, compounded monthly, how long will it take the principal P to double? (11 69,66 years 121 8,33 years [31 7,27 years 14 6,12 years 151 None of the above Question 8 A savings account pays interest at the rate of 5% per year, compounded semi-annually. The amount that should be deposited now so that R250 can be withdrawn at the end of every six months for the next ten years is [1] [21 [3] 14 151 R3 144,47 R6 386,16. R1 930,43 R3 897,29. none of the above. 8 Questions 9 and 10 relate to the following situation: Three years ago Thokozile borrowed R7500 from Alfred. The condition was that she would pay him bac 8 seven years' time at an interest rate of 11,21% per year, compounded semi-annually. Six months ago also borrowed R25 000 from Alfred at 9,45% per year, compounded monthly. Thokozile would like to pay off her debt four years from now. Question 9 The amount of money that Thokozile will have to pay Alfred four years from now is [1] R36 607,98 121 R45181,81. (31 R55 336,49 141 R48032,20. 151 R54278,92