Given:
PV = 13,440
i = 5.86% , compounded monthly
t = 4 years
13,440(0.0586/12))/(1-(1+0.0586/12)^-48= 15,109.44
15,109.44 + 156.60 = 15,266.04
15,266.04 - 13,440.00 = 1,826.04
<span>1,826.04/15,266.04 = 11.96 % Percentage total of Finance Charge of the total loa</span>
Answer:
R1,380
Step-by-step explanation:
The price of the iPad without VAT is R1200
We calculate 15% to get;


Now the selling price of the iPad including VAT


Therefore, the selling price of the ipad including VAT is R1380
We round a number to three significant figures in the same way that we would round to three decimal places. We count from the first non-zero digit for three digits. We then round the last digit. We fill in any remaining places to the right of the decimal point with zeros.