Question
Example I
Represent the following financial situations numerically:
a) John has R120 in his wallet.
b) John has no money in his wallet.
c) John has no money and borrows R200
from Susan.
Solution
Represent the following financial situations numerically:
a) John has R120 in his wallet.
b) John has no money in his wallet.
c) John has no money and borrows R200
from Susan.
Solution
Ask by Coles Weber. in South Africa
Mar 16,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
- a)
- b)
- c)
Solution
Let’s represent each financial situation numerically using a single-letter identifier for John’s total amount of money.
-
Situation a: John has R120 in his wallet.
- Let
represent John’s total amount of money. - Therefore,
.
- Let
-
Situation b: John has no money in his wallet.
- Here,
.
- Here,
-
Situation c: John has no money and borrows R200 from Susan.
- Initially, John has no money, so
. - After borrowing R200, his total amount becomes:
- Initially, John has no money, so
In summary:
- For situation a:
- For situation b:
- For situation c:
Answered by UpStudy AI and reviewed by a Professional Tutor
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Simplify this solution The Deep Dive
For John’s financial situations, we can represent them as follows:
a) John has R120, which can be denoted as +R120.
b) Since John has no money, this can be represented as R0 or +R0.
c) After borrowing R200 from Susan, John’s financial state becomes -R200 (indicating a debt), resulting in a total balance of -R200.
a) John has R120, which can be denoted as +R120.
b) Since John has no money, this can be represented as R0 or +R0.
c) After borrowing R200 from Susan, John’s financial state becomes -R200 (indicating a debt), resulting in a total balance of -R200.
Now you can see how John’s financial journey can fluctuate from having money to incurring debt!
