QUESTION 1 1.1 The following advert for a mobile pho…
QUESTION 1 1.1 The following advert for a mobile phone from a network provider appeared in a magazine. Right click on the button below to open the ADVERT in a new tab. 1.1.1 The price was reduced from R2 499 to R1 948. Show how the 22% discount was calculated. (2) 1.1.2 Fully write out the abbreviation VAT. (2) 1.1.3 The price of R1 948 includes VAT (15%) . Calculate the VAT value included in the price. (3) 1.2 In December 2018, Statistics South Africa announced that the annual inflation rate was 4,5%. Sona won R50 000 with the LOTTERY. She invested 75% of the amount she won at a bank that offers her an interest rate of 7.5% per annum compound interest. She sent R10 000 to her sister studying in the United States of America (USA). 1.2.1 Calculate the amount Sona has invested with the bank. (2) 1.2.2 Calculate the total interest she earns in 2 years for the investment of 75% of the amount she won. (5) 1.2.3 Convert the amount Sona sent to her sister to US dollars ($). You may use the following exchange rate 1$ = R14,38 (2)