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Identify the current monthly levy.

Physics

ScanSolve AI Answer

Answer

R2635.20\text{R}2635.20

Step-by-step solution

4 steps

Question 3.2: What will the new levy be for 2021/2022?

  1. Identify the current monthly levy.

    The current monthly levy is R2 400.

  2. Identify the percentage increase.

    The expected increase is 9.8%.

  3. Calculate the amount of the increase.

    Increase amount=Current levy×Percentage increase\text{Increase amount} = \text{Current levy} \times \text{Percentage increase} Increase amount=R2400×9.8%\text{Increase amount} = \text{R}2400 \times 9.8\% Increase amount=R2400×0.098\text{Increase amount} = \text{R}2400 \times 0.098 Increase amount=R235.20\text{Increase amount} = \text{R}235.20
  4. Calculate the new levy.

    Add the increase amount to the current levy.

    New levy=Current levy+Increase amount\text{New levy} = \text{Current levy} + \text{Increase amount} New levy=R2400+R235.20\text{New levy} = \text{R}2400 + \text{R}235.20 New levy=R2635.20\text{New levy} = \text{R}2635.20

    The new levy for 2021/2022 will be R2635.20\boxed{\text{R}2635.20}.

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