SEIC TMOA B लिल. Devile \( k \) bona in Then ratios a 04 (4) A patr of joans marked at R450-00 is soid at a discount of \( 25 \% \). Defermine the selting price. (3) 23 With the use of the following formula, detcrmine future value of the following questions. Round AIL the answer off to two decimal places. \[ A=P(1+i n) \] Steven won a portion of the lacal lottery. The price money is to the value of R 18000. He wants to invest the money but does not know which bank to choose. FNB offors Steven \( 5,6 \% \) for 8 years simple interest per anoum, Nedbank offers Steven \( 6,6 \% \) for 6 years simple interest per ammum and Standard Bank offers \( 7,2 \% \) for 5 years simple interest. Determine each bank future value to help Steven decide which bank he should choose. FNB Nedbank Standard Bank Page 4 of 6

Below are the solutions for each part of the problem. ────────────────────────────── Part 1 – Sale Price of Jeans A pair of jeans is marked at R450.00 and is sold at a 25% discount. Step 1: Calculate the discount amount:  Discount = 25% of R450 = 0.25 × 450 = R112.50 Step 2: Deduct the discount from the marked price:  Selling Price = R450 − R112.50 = R337.50 ────────────────────────────── Part 2 – Future Value Calculations for Simple Interest The formula given is:  A = P(1 + i·n) where:  P = principal amount  i = simple interest rate (in decimal)  n = number of years Steven’s lottery winnings: P = R18,000 1. FNB Bank:  Interest rate, i = 5.6% = 0.056  Time, n = 8 years  Future Value, A = 18000 × [1 + (0.056 × 8)]   = 18000 × [1 + 0.448]   = 18000 × 1.448   = R26064.00 2. Nedbank:  Interest rate, i = 6.6% = 0.066  Time, n = 6 years  Future Value, A = 18000 × [1 + (0.066 × 6)]   = 18000 × [1 + 0.396]   = 18000 × 1.396   = R25128.00 3. Standard Bank:  Interest rate, i = 7.2% = 0.072  Time, n = 5 years  Future Value, A = 18000 × [1 + (0.072 × 5)]   = 18000 × [1 + 0.36]   = 18000 × 1.36   = R24480.00 ────────────────────────────── Summary of Answers • Selling price of the jeans: R337.50 • Future value with FNB: R26064.00 • Future value with Nedbank: R25128.00 • Future value with Standard Bank: R24480.00 Each value is rounded to two decimal places as required.