it wouldn't as they made a withdrawal before it could earn any interest...remember interest was going to be earned only if they didn't withdraw the money early
but the question didnt say the company made a withdrawal. it just said the last payment was made in may, a month prior to the purchase. the account would accumulate interst for one extra month @@jonathanramahuma
I personally thing we divide by 1 coz there is only one payment in a year and moreover we divide by 12 when it's monthly payments only... But we'll hear from sir coz that's just what I think
Thank you so much Mr Nkosi❤
Thank u malume for the lesson ❤
Yes sir i also got the same answer (x = R1715,16)
Siyabonga malume ❤
Thank you Sir🔥🔥
Thank you sir❤💃🏽
It's correct
danko❤❤
malume🫂
At 6.1.3, wouldn't the amount earn interest for the month that didn't get payment sir?
it wouldn't as they made a withdrawal before it could earn any interest...remember interest was going to be earned only if they didn't withdraw the money early
but they stopped making payments a month prior to the purchase, what happens to the month that didn't get payment?@@jonathanramahuma
but the question didnt say the company made a withdrawal. it just said the last payment was made in may, a month prior to the purchase. the account would accumulate interst for one extra month @@jonathanramahuma
Good day sir, can I ask if they say compounded yearly does it mean i mutliply the value of n with 12 or it's the same as annually?
I personally thing we divide by 1 coz there is only one payment in a year and moreover we divide by 12 when it's monthly payments only... But we'll hear from sir coz that's just what I think
@@pankaj278 Thank you 🤗
I am re-writing my maths this year. I wrote my matric in 2015. Please advice where and which mathematics books should i get
The answer series grade 12 Mathematics
Sir why didn't the loan amount accumulate for two months , or is it because its compounded quarterly?
yes, i made the same mistake too
same