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Questions and answers- weekly activities prep
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Questions and answers- weekly activities prep
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By: KHATHUMASINDI • 1 year ago
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Suggested Solutions to Revision ExercisesModule: Computer Literacy Advanced (HCLT108-1)
Week number (Date): 3,(16 March 2023)
Unit covered: Unit 5, and 6( Microsoft Excel 2016)
Instructions:
The solutions contained in this document are the guidelines to all Revision exercises of Units 5 and 6
of the Microsoft Excel 2016 study guide of this module.
You are required to do your own research and attempt to answer the questions below, which can be
found in the above-mentioned study guide
Solutions to the activities are presented below.
Question 1 8 marks
You took a R50 000 loan to buy a car. The loan is paid off over a period of 5 years at an interest of 7%
per annum.
1.1 Calculate the number of payments made. 2 marks
60 payments
1.2 What is the monthly payment 2 marks
R990, 06
1.3 What is the total cost of the loan? 2 marks
R59 403, 60
1.4 How much interest was paid? 2 marks
R9 403, 60
1 HCLT108-1-Jan-June2023-T&L-Memo-W3-IM-V2-08032023
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