MAE203P
STUDENT NUMBER – 61243485
ASSIGNMENT 02
Question 1
1.1.1 An instruction, command or role given to a person or group.
1.1.2 Money paid regularly at a particular rate of the use of money lent.
1.1.3 An estimate of income and expenditure for a set period of time.
1.1.4 The availability of liquid assets to a market or company.
1.1.5 Is a system of exchange where participants in a transaction directly
exchange goods.
1.1.6 The state of being legally responsible for something.
1.1.7 An overhead cost or expense.
1.1.8 A general increase in prices and fall in the purchasing value of money.
1.1.9 An item of property owned by a person or company, regarded as having
value and available to meet debits.
1.1.10A reduction in the value of an asset over time, due in particular to wear and
tear.
1.2.1 A hire purchase is an arrangement for buying expensive consumer goods,
where the buyer makes an initial down payment and pays the balance plus
interest installments.
, 1.2.2 a) 12 000 × 15,5%
= R1860 cash dep
12 000 × 5% discount
= R600
12 000 – 1860 – 600
= R9540 left to pay
A = p (1+M)
A = 9540 (1+(0.20×3)
A = R15264
Total paid = R15 264 + R1860 deposit
= R17 124
Monthly instalment = R15246 ÷ 36 months
= R424 per month
b) 12 000 ×6.5% discount
= R780 discount
Total paid = R12 000 – 780
= R11 220 total paid
Monthly installment = 12 000 – 780 = 2500
= 8720 ÷30
= R290.67 per month
STUDENT NUMBER – 61243485
ASSIGNMENT 02
Question 1
1.1.1 An instruction, command or role given to a person or group.
1.1.2 Money paid regularly at a particular rate of the use of money lent.
1.1.3 An estimate of income and expenditure for a set period of time.
1.1.4 The availability of liquid assets to a market or company.
1.1.5 Is a system of exchange where participants in a transaction directly
exchange goods.
1.1.6 The state of being legally responsible for something.
1.1.7 An overhead cost or expense.
1.1.8 A general increase in prices and fall in the purchasing value of money.
1.1.9 An item of property owned by a person or company, regarded as having
value and available to meet debits.
1.1.10A reduction in the value of an asset over time, due in particular to wear and
tear.
1.2.1 A hire purchase is an arrangement for buying expensive consumer goods,
where the buyer makes an initial down payment and pays the balance plus
interest installments.
, 1.2.2 a) 12 000 × 15,5%
= R1860 cash dep
12 000 × 5% discount
= R600
12 000 – 1860 – 600
= R9540 left to pay
A = p (1+M)
A = 9540 (1+(0.20×3)
A = R15264
Total paid = R15 264 + R1860 deposit
= R17 124
Monthly instalment = R15246 ÷ 36 months
= R424 per month
b) 12 000 ×6.5% discount
= R780 discount
Total paid = R12 000 – 780
= R11 220 total paid
Monthly installment = 12 000 – 780 = 2500
= 8720 ÷30
= R290.67 per month
