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Simple Interest

The document covers calculations for simple and compound interest, including examples for individuals like Sarah and Thabo. It also explains how to find the least common multiple (LCM) and highest common factor (HCF) using prime factorization, along with distance, speed, and time calculations for various vehicles. Additionally, it details hire purchase calculations for individuals like Thabo, Lerato, and Sipho, including VAT, total costs, balances, and monthly payments.

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Nerien Coetzee
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4 views3 pages

Simple Interest

The document covers calculations for simple and compound interest, including examples for individuals like Sarah and Thabo. It also explains how to find the least common multiple (LCM) and highest common factor (HCF) using prime factorization, along with distance, speed, and time calculations for various vehicles. Additionally, it details hire purchase calculations for individuals like Thabo, Lerato, and Sipho, including VAT, total costs, balances, and monthly payments.

Uploaded by

Nerien Coetzee
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Simple Interest

Formula: I =P ×r ×t

1.1 Sarah:
 I =4500× 0.06 ×3=R 810

 Total = 4500+ 810=R 5310

1.2 Loan:
 I =2800 ×0.08 × 2.5=R 560

 Total = 2800+560=R 3360

1.3 Thabo:

 I =1200 ×0.10 × 4=R 480 ✅ Correct.

📈 Compound Interest

Formula: A=P¿ , Interest = A−P

2.1 P=3000 ,r =0.05 , t=2


 A=3000 ¿

 Interest = 3307.50−3000=R 307.50

2.2 P=6000 ,r =0.07 , t=3


 A=6000 ¿

 Interest = 7350.26−6000=R 1350.26

2.3 P=2500 ,r =0.09 , t=4


 A=2500 ¿

 Interest = 3528.95−2500=R 1028.95

🔗 LCM and HCF

Use prime factorisation:

1.1 96 = 25 ×3, 144 = 24 ×3 2

 HCF = 24 ×3=48

 LCM = 25 ×32=288

1.2 180 = 22 ×32 ×5, 240 = 24 ×3 × 5


 HCF = 22 ×3 ×5=60

 LCM = 24 ×3 2 ×5=720

1.3 54 = 2 ×33, 90 = 2 ×32 ×5, 162 = 2 ×3 4

 HCF = 2 ×32=18

 LCM = 2 ×3 4 × 5=810

1.4 84 = 22 ×3 ×7 , 210 = 2 ×3 ×5 ×7

 HCF = 2 ×3 ×7=42

 LCM = 22 ×3 ×5 ×7=420

1.5 120 = 23 ×3 ×5 , 180 = 22 ×32 ×5, 300 = 22 ×3 ×52

 HCF = 22 ×3 ×5=60

 LCM = 23 ×32 ×52=1800

🚗 Distance, Speed, Time


Distance
Formula: Speed=
Time
1. Vehicle:

 Time = 2.5 h, Distance = 210 km

 Speed = 210 /2.5=84 km/h

2. Learner:

 Time = 48 min = 0.8 h

 Distance = 15 ×0.8=12 km

3. Train:

 First part: 90 ×3=270 km

 Remaining = 540 - 270 = 270 km

 Time = 270 /120=2.25 h

 Total = 3 + 2.25 = 5.25 h (5 h 15 min)

4. Bus:

 Monday distance = 80 ×2.75=220 km


 Tuesday time = 2.75 + 0.25 = 3 h

 Speed = 220 /3=73.3 km/h

5. Car:

 First part: 120 km in 1.5 h

 Second part: 180 km in 2 h

 Total distance = 300 km, total time = 3.5 h

 Speed = 300/3.5=85.7 km/h

🛒 Hire Purchase

1. Thabo:

 VAT = 8000 × 0.15=R 1200

 Total = 8000+1200=R 9200

 Balance = 9200−2000=R 7200

 Monthly = 7200/12=R 600

2. Lerato:

 VAT = 12000 ×0.15=R 1800

 Total = 12000+1800=R 13800

 Balance = 13800−3000=R 10800

 Monthly = 10800/18=R 600

3. Sipho:

 Profit = 6800−5500=R 1300

 % Profit = (1300/5500)×100=23.64 %

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