Question 2

2.1 Calculate the monthly payment on the items that are quoted per year. (3)

2.2 How much did the Mbeles spend in May? (2)

2.3 Mr and Mrs Mbele together earn R17 000 per month. How much did they overspend in May? (2)

2.4 Mr Mbele is a very good watch salesman. For every two watches that his colleague David sold, Mr Mbele sold five watches. If their total watch sales were 840, calculate the number of watches sold by Mr Mbele. (3)

2.5 Given below in TABLE 2 are the coastal and inland petrol prices in South Africa for June 2020. Study the table and answer the questions that follow.

2.5.1 If the Mbeles live in East London, how much would they pay per litre for diesel?     (2)

2.5.2 If they spent R3 500 on diesel, determine how many litres of diesel they used

this month.                                                                                                                 (2)

2.6 The Mbeles need to reduce their expenditure. Suggest TWO ways in which they can achieve this. Explain your answers. (4)

2.7 Mr Mbele decides to sell one of his cars and wants to buy a motorbike in order to save money.

2.71 He bought his car for R98 000 and sells it for R55 000.

Calculate Mr Mbele’s percentage loss.

2.7.2 Mr Mbele buys a second-hand motorbike for R32 500 and decides to invest the

remainder of the money in order to surprise his family with a boat cruise in 1,5 years’ time.

The investment earns 1,75% simple interest per month and he invests it for 1,5 years. If the boat cruise costs R45 000 for the entire family, will Mr Mbele have enough money after 1,5 years? (5)

[26]

How useful was this Question?

Click on a star to rate it!

Average rating 5 / 5. Vote count: 1

No votes so far! Be the first to rate this question.