A bank’s discount rate is 12%. You need to pay the bank R5 000 in six months’ time. The amount of money that you will receive
now from the bank is
a. R5 319,15.
b. R4 724,56.
c. R5 300,00.
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d. R4 700,00. oscardiura@gmail.com
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OSCAR THE TUTOR
oscardiura@gmail.com
+27737560989
for FAC MAC ECS DSC TAX QMI FIN INV BNU STA
tutorials
, Shaun has been given the option of either paying his R2 500 loan now or settling it for R2 730 after
four months. If he chooses to pay after four months, the simple interest rate at which he would be
charged, is
a. 25,27%.
b. 0,28%.
c. 2,30%.
d. 27,60%.
Clear my choice
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oscardiura@gmail.com
+27737560989
for FAC MAC ECS DSC TAX QMI FIN INV BNU STA
tutorials