QUESTION $1$

$[30]$

$1\mathrm{.}1$ The table below represents some of the adopted accounting methods used in mineral economics. Briefly provide a description of these methods and name one possible disadvantage associated with using such a method.

$\backslash$table$[[$Accounting Method,Description,Disadvantage$],[$Full$-$expense method,$($a$),($i$)],[$Successful$-$efforts method,$($b$),($ii$)]]$

$1\mathrm{.}2$ Mining capital involves large sums of money and the process of raising capital must be systematic and structured to entice investors to invest their capital. List and briefly explain THREE different methods of raising mining capital.

$1\mathrm{.}3$ With an aid of a diagram, explain the commodity market with respect to supply and demand.

$1\mathrm{.}4$ If you borrowed R$10000$ from the bank today, how long would it take to repay the loan at R$1000/$year$?$ Assume an interest rate of $5\%.$