use either method when calculating the ity on a sheet of paper and attach to this activity. 1 Study the information below and answer the questions that following questions Capital amount: 30 000 Interest rate: 10% p.a Installments: R1 350 Repayment period: 24 months Calculate interest payable for the full 2 year period using the simple methoo Calculate the total interest payable for the first six month using the compound method. a. b. 2. Study the information helow n
use either method when calculating the ity on a sheet of paper and attach to this activity. 1 Study the information below and answer the questions that following questions Capital amount: 30 000 Interest rate: 10% p.a Installments: R1 350 Repayment period: 24 months Calculate interest payable for the full 2 year period using the simple methoo Calculate the total interest payable for the first six month using the compound method. a. b. 2. Study the information helow n
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Transcribed Image Text:complete this activity on a sheet of paper and attach to this activity.
elow, you may use either method when calculating the
1.
Study the information below and answer the questions that following questions.
Capital amount:
30 000
Interest rate:
10% p.a
Installments:
R1 350
Repayment period: 24 months
Calculate interest payable for the full 2 year period using the simple methoc
a.
b.
Calculate the total interest payable for the first six month using the compound method.
2. Study the information below and answer the questions that following questions
Capital amount:
R25 000
13% p.a
Interest rate:
R750
Installments:
Repayment period: 36 months
Calculate interest payable for the full 36 month period using the simple method
Calculate the total interest payable for the first three months using the compound methor
a.
b.
3. Calculate the interest for the following loan using both simple and compound interest.
R400 000
anital amoụnt:
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