Question
John can pay R8 000 cash for a fridge, or he can pay a \( 15 \% \) deposit and 36 monthly payments of R250. Calculate the following: The deposit in rand.
Ask by Macdonald Harris. in South Africa
Feb 26,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
The deposit is R1,200.
Solution
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The deposit John needs to pay for the fridge is calculated as \( 15\% \) of the total price. So, we take \( 15\% \) of R8,000: \[ \text{Deposit} = 0.15 \times 8000 = R1200 \] Thus, John would need to pay a deposit of R1,200.
