Question: Question 3: 15 Marks Thomas purchases an apartment by making a down payment of R160000, and obtains a 20-year loan for the balance of R480000

Question 3: 15 Marks Thomas purchases an apartment by making a down payment of R160000, and obtains a 20-year loan for the balance of R480000 at $13,5\%$ per annum compounded monthly. Aft four-and-a-half-years, the bank adjusts the interest rate to $14,5\%$ per annum compounded monthly. What is the new monthly amount that he must pay if the term of the loan remains the same? Question 4: 15 Marks The chlorine in a swimming pool breaks down such that only three-quarters of the previous day's quantity remains the following day. If the original quantity was 38 kilograms, how much will be left after 19 days?

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