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Write down the ratio of the deposit amount : the total amount for the course in the form 1 : ... rounded off to TWO decimal places.
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2.2.1
Identify the deposit amount and the total course amount.
The deposit amount is R45 000.
The total amount for the course is R208 300.Write the ratio and simplify it to the form .
The ratio of the deposit amount to the total amount is .
To express this in the form , we divide the total amount by the deposit amount:Round the value to two decimal places.
The ratio is .
2.2.2
Identify the total course amount, deposit, and food-preparation module cost from Option A.
Total amount for the course = R208 300
Deposit amount = R45 000
Food-preparation module cost = R99 650Calculate the balance owing for the patisserie module.
The balance for the patisserie module is the total amount minus the deposit and the food-preparation module cost.
The balance owing for the patisserie module is .
2.2.3
Calculate the total cost for the food-preparation module under Payment Plan 1.
Payment Plan 1: 12 months at R9 000 per month.
Calculate the total cost for the food-preparation module under Payment Plan 2.
Payment Plan 2: R51 825 per semester. The food-preparation module is one year, which is 2 semesters (since 1 semester = 6 months).
Determine the difference between the two payment plans.
The difference between payment plan 1 and payment plan 2 for the food-preparation module is .
2.2.4
Calculate the amount after the first year.
Initial investment (P) = R39 500
Interest rate for the first year () = 7.15% = 0.0715
Amount after 1st year () =Calculate the amount after the second year.
The amount from the first year becomes the new principal for the second year.
Interest rate for the second year () = 7.85% = 0.0785
Amount after 2nd year () =Round the final amount to two decimal places.
The total amount that she will receive at the end of the two years is .
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