Question 7

7.1 A company bought machinery costing R80 000. Using the reduced balance method the machinery had a book value of R20 000 after 5 years. Calculate the rate of depreciation. (3) 7.2 Calculate the effective interest rate if interest is compounded at 5% p.a., compounded quarterly (3) 7.3 Sipho invested R30 000 for 6 years. … Read more

Question 11

11.1 The Venn-diagram below shows two independent events, M and N. Determine the values of probabilities x and y. Show all calculations.(5) 11.2 The following contingency table shows information on the drivers’ tests of 100 drivers tested at a test centre in Port Elizabeth. A driver is randomly selected from the 100 drivers. 11.2.1 Determine … Read more