QUESTION 1 Study the advertisement below and answer the…
QUESTION 1 Study the advertisement below and answer the questions that follow. Right click the button below to open the ADVERTISEMENT in a new browser tab. 1.1 Does the advertisement indicate the percentage of interest that will be charged if the TV is not paid for in cash? (2) 1.2 What will the balance be once the deposit has been paid? (2) 1.3 Will the interest be charged on the full purchase price or on the balance? (2) 1.4 How much will the instalment be per month? (2) 1.5 How much will you have to pay for the TV in total? Use the formula: Total to be paid = Deposit + (Instalment x number of instalments) (6) 1.6 How much interest (in Rands) will you have paid once you have completed paying off the TV? (3) 1.7 What simple interest rate over the 5 years will you be paying per annum on the outstanding balance? Round your answer off to two decimal places. (4) 1.8 Mighty has been banking with Capitec bank for some time. FNB opened a branch in the shopping complex close to her flat. Use the table and information below to answer the questions that follow. Right click the button below to open the TABLE in a new browser tab. 1.8.1 She made the following transactions at the FNB branch in May. Two cash deposits of R700 at the FNB ATM Two cash deposits of R3000 in the bank One withdrawal of R700 at the FNB ATM Calculate the total service fees including the mentioned transactions for her account in May? (8)