Answer:
<u>R8000</u>.
Step-by-step explanation:
First, let's calculate the amount they are going to have to pay the bank after 1 year. It is given by the following expression:
R5 000 * 1.28= R6400
Therefore, they have to pay R6400/12 monthly.
Now, in fifteen months the total amount to pay should be (R6400/12) * 15= <u>R8000</u>.
There are extra periods so I’m not exactly sure but I think it’s 00.96
12/10 = 1.2
4/10 = 0.4
1.2-0.4 = 0.8
1. dividing by 2 each time. and it is on the 6th week