What I Have Learned
Activity 2:
PERSON IN AUTHORITY
In a community, there are people who become influential. Conduct an
investigation or a research in your own community and identify one (1) person
whom you think possess authority. Explain your answer below.
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Answer:
5
A motorbike costs R95 000. Afika pays a 15% deposit
and will pay the balance over a period of 3 years in
equal monthly payments.
5.1
Find the size of the monthly payments if he
borrows the balance on hire purchase, where
the simple interest rate is 13% p.a.
5.2 How much interest did Afika pay?
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