Use ANNEXURE A to answer the questions that follow.
2.1.1 Explain the meaning of the term interest with reference to the student fees statement. (2)
2.1.2 Write down the balance (excluding interest) that was brought forward on the last day of the previous year. (2)
2.1.3 Calculate the monthly interest rate that was used on the overdue fees for the previous year. (2)
2.1.4 Write down the code and the name of the module/course that is the most expensive. (2)
2.1.5 Show how the amount of R6 317,70 was calculated. (2)
2.1.6 Calculate the total amount debited to this account for the courses studied in the 2017 academic year including interest on overdue fees in 2017. (3)
2.1.7 State the payment method used to transfer money into this account. (2)
2.1.8 A family friend paid the balance of R40 386,60 on condition that the amount could be paid back in equal monthly instalments, interest free.
Show how the monthly instalment of R8 077,32 was calculated if the first payment was due on 1 November 2017 and the last payment was due on 1 March 2018. (2)
Use the information above to answer the questions that follow.
2.2.1 Explain the term infiation within the given context. (2)
2.2.2 Write down the price of a Spur burger in 1970. (2)
2.2.3 Calculate by how much the cost, in rand, of a trolley had increased from 2000 to 2005. (3)
2.2.4 Calculate the percentage increase of Ricoffy from 1970 to 2015. You may use the following formula:
(3)
2.2.5 A cheddamelt steak was sold for Rl04,90 at a percentage profit of 17,5%. Determine the cost price. (2)
Use TABLE 3 above to answer the questions that follow.
2.3.1 Which of the amounts below represents the economic affairs and agriculture budgets?
A 24 160 000
B 241 600 000 000
C 241 600 000
D 24 160 000 000 000 (2)
2.3.2 Explain the term budget within the context above. (2)
2.3.3 Write down the item which receives the third most money from the education budget. (2)
2.3.4 Calculate the percentage of the total education budget that is allocated to the NSFAS. (3)
2.3.5 University subsidies comprise about 9,86% of the total education budget. Estimate the combined budget, as a percentage, for education administration and the NSFAS. (2)
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