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Here are the solutions to the questions. 1.1 Matching definitions 1.1.1 Interest: B 1.1.2 Fixed expense: D 1.1.3 Debit: E 1.2 Calculating the home loan repayment (A) Step 1: Identify all known expenses from the table. The known expenses are: Medical aid: R7 860,00 Car insurance: R1 200,00 Water and electricity: R3 800,50 Groceries: R5 000,00 Petrol: R3 200,00 Clothing account: R1 350,00 Entertainment: R1 700,00 Step 2: Sum the known expenses. Sum of known expenses = R7 860,00 + R1 200,00 + R3 800,50 + R5 000,00 + R3 200,00 + R1 350,00 + R1 700,00; Sum of known expenses = R24 110,50 Step 3: Subtract the sum of known expenses from the total expenditure to find A. The total expenditure is R33 510,50. A = Total expenditure − Sum of known expenses; A = R33 510,50 − R24 110,50; A = R9 400,00 The value of A (Home loan repayment) is R9 400,00.

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Step-by-step solution

Part 1.1

Part 1.2· 3 steps
$\text{R9 400,00}$

Identify all known expenses from the table.

Sum the known expenses.

Subtract the sum of known expenses from the total expenditure to find A.

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Answer

Step-by-step solution

Part 1.1

Part 1.2· 3 stepsR9 400,00\text{R9 400,00}R9 400,00

Identify all known expenses from the table.

Sum the known expenses.

Subtract the sum of known expenses from the total expenditure to find A.

Try one yourself

Still stuck on this one?

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Part 1.2· 3 steps
$\text{R9 400,00}$