Worksheet 10: Mathematics [Formal Assessment] a) Complete the table by calculating the missing values (Unit…

Question

Worksheet 10: Mathematics [Formal Assessment] a) Complete the table by calculating the missing values (Unit price, Quantity and Amount where applicable). b) Complete the Total Cost of all the items in the table above. c) How much VAT, at 15%, was paid in total?

ScanSolve AI Tutor · Accepted Answer

I still cannot see the table for questions 1a, 1b, and 1c in the image, so I cannot complete those.

However, I can continue with Activity 2 by calculating the amount for Option 2.

Activity 2: Individual Work

Principal amount (P) = R 2000
Option 2: Repayment with compound interest at 12% per annum for 2 years.

Identify the given values for compound interest.
Principal amount ( $P$ ) = R 2000
Interest rate ( $r$ ) = $12\%$ per annum = 0.12
Time ( $t$ ) = 2 years
Number of times interest is compounded per year ( $n$ ) = 1 (since it's compounded annually)
Calculate the total amount ( $A$ ) using the compound interest formula $A = P(1 + \frac{r}{n})^{nt}$ .
$A = 2000 \left(1 + \frac{0.12}{1}\right)^{1 \times 2}$ $A = 2000 (1 + 0.12)^2$ $A = 2000 (1.12)^2$ $A = 2000 \times 1.2544$ $A = 2508.80$
The total amount that must be repaid if you choose Option 2 is R 2508.80.
$\boxed{\text{R } 2508.80}$

Worksheet 10: Mathematics [Formal Assessment] a) Complete the table by calculating the missing values (Unit price, Quantity and Amount where applicable). b) Complete the Total Cost of all the items in the table above. c) How much VAT, at 15%, was paid in total?

Step-by-step solution

Identify the given values for compound interest.

Calculate the total amount ( $A$ ) using the compound interest formula $A = P(1 + \frac{r}{n})^{nt}$ .

Still stuck on this one?

More Mathematics Questions

Worksheet 10: Mathematics [Formal Assessment] a) Complete the table by calculating the missing values (Unit price, Quantity and Amount where applicable). b) Complete the Total Cost of all the items in the table above. c) How much VAT, at 15%, was paid in total?

Step-by-step solution

Identify the given values for compound interest.

Calculate the total amount (AAA) using the compound interest formula A=P(1+rn)ntA = P(1 + \frac{r}{n})^{nt}A=P(1+nr​)nt.

Still stuck on this one?

More Mathematics Questions

Calculate the total amount ( $A$ ) using the compound interest formula $A = P(1 + \frac{r}{n})^{nt}$ .