Question

Question 3
1. The cost price of a car is R635 000. The value of she car depreciates according to the
educing balance method at a rate of 15%p.a. Calculate the value of the car exactly 5 years
fter it was boufit
(3)
D
2. A loan of R50 000 is to be repaid in 48 equal monthly payments. Payments start one
onth the loan has been granted. The interest rate on the loan is 16 %p.a. compounded
onthly.
2.1. Calculate the value of the equal monthly payments.
(4)
2. Calculate the outstanding balance immediately after the 30th payment has been
de. Give your answer to the nearest rand.
(4)
(11)
stion 4​

Answer 1

Answer:

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