How much will you have to pay for the tv in total GI0 AmigmentPage 3 of 3Mathematical LileracyQUESTION 2Miriam has recently opened an International account at Capital Bank. She is concerned abouther monthly bank charges. Use the provided brochure and the list of her account activities for themonth of April to answer the questions below:The list of Miriam's transactions for April is as follows:AmountsDateActivitiesR 210.251 Apr 2017Balance of previous month carried forwardR 254 39Old Mutual Policy x74534 Debit order returned: insufficient funds"Balance enquiry (mobile)Davidsons Textiles: Salary deposit1 Apr 20171 Apr 2017R0,00R 4500,002 Apr 20172 Apr 2017orite: Purchases: Debit card*R 847 212 Apr 2017Shoprite: Cash withdrawal*.Old Mutual Policy x74534: Branch PaymentR 250,007 Apr 2017R 254,3915 Apr 2017Edgars: Purchases: Debit card*R 149,5920 Apr 2013Capital Bank ATM WithdrawalR 200,0023 Apr 2013Shoprite: municipal account payment"R 639,0028 Apr 2013FNB ATM Withdrawal*R 500,0029 Apr 2013Balance statement at the branchR3,0030 Apr 2013Monthly Administration FeeR4,50denotes SMS notification for April2.1How many withdrawals did Miriam make during this month?(2)2.2Calculate the amount of money that was spent on monthly shop purchases(2)2.3Use the statement above and calculate the amount of bank fees that Miriam(4)should pay for April.24Suggest how Miriam can further reduce her banking charges25Differentiate between Interest and Interest rate(4)(14) QUESTION 3The following advertisement was shown in a local newspaper. Answer the following questionaON SALE: 76 INCH PLASMA CURVEOPTION 1Deposit R3 120Monthly installments of R 712,48 for five yearsOPTION 2Cash Price R 31 2003.1Does the advertisement indicate the percentage of interest that will be charged if theTV is not paid for in cash?3.2If a client wants to buy the TV using option 1, what will the balance be once the deposithas been paid?3.3Will the interest be charged on the full purchase price or on the balance?3.4How much will you have to pay for the TV in total?The following formula may be used:Total to be paid = Deposit + (Installment amount x number of installments)How much interest (in Rands) will you have paid once you have completed paying offthe TV on option 1?3.5The following formula may be usedInterest paid=3Total paid-cash price36 The cash price of the TV includes VAT36.1 Determine the original price of the TV before VAT was added3.6.2 Calculate how much VAT was added to the original price

Question

How much will you have to pay for the tv in total GI0 AmigmentPage 3 of 3Mathematical LileracyQUESTION 2Miriam has recently opened an International account at Capital Bank. She is concerned abouther monthly bank charges. Use the provided brochure and the list of her account activities for themonth of April to answer the questions below:The list of Miriam's transactions for April is as follows:AmountsDateActivitiesR 210.251 Apr 2017Balance of previous month carried forwardR 254 39Old Mutual Policy x74534 Debit order returned: insufficient funds&#34;Balance enquiry (mobile)Davidsons Textiles: Salary deposit1 Apr 20171 Apr 2017R0,00R 4500,002 Apr 20172 Apr 2017orite: Purchases: Debit card*R 847 212 Apr 2017Shoprite: Cash withdrawal*.Old Mutual Policy x74534: Branch PaymentR 250,007 Apr 2017R 254,3915 Apr 2017Edgars: Purchases: Debit card*R 149,5920 Apr 2013Capital Bank ATM WithdrawalR 200,0023 Apr 2013Shoprite: municipal account payment&#34;R 639,0028 Apr 2013FNB ATM Withdrawal*R 500,0029 Apr 2013Balance statement at the branchR3,0030 Apr 2013Monthly Administration FeeR4,50denotes SMS notification for April2.1How many withdrawals did Miriam make during this month?(2)2.2Calculate the amount of money that was spent on monthly shop purchases(2)2.3Use the statement above and calculate the amount of bank fees that Miriam(4)should pay for April.24Suggest how Miriam can further reduce her banking charges25Differentiate between Interest and Interest rate(4)(14) QUESTION 3The following advertisement was shown in a local newspaper. Answer the following questionaON SALE: 76 INCH PLASMA CURVEOPTION 1Deposit R3 120Monthly installments of R 712,48 for five yearsOPTION 2Cash Price R 31 2003.1Does the advertisement indicate the percentage of interest that will be charged if theTV is not paid for in cash?3.2If a client wants to buy the TV using option 1, what will the balance be once the deposithas been paid?3.3Will the interest be charged on the full purchase price or on the balance?3.4How much will you have to pay for the TV in total?The following formula may be used:Total to be paid = Deposit + (Installment amount x number of installments)How much interest (in Rands) will you have paid once you have completed paying offthe TV on option 1?3.5The following formula may be usedInterest paid=3Total paid-cash price36 The cash price of the TV includes VAT36.1 Determine the original price of the TV before VAT was added3.6.2 Calculate how much VAT was added to the original price

Accepted Answer

3.4
Given that,
To buy a 76 inch plasma curve TV,
Deposit = R 3,120
Monthly installment = R 712.48…