R4 800. He paid a deposit of R1 200 and opted to pay instalments of R400 each month to complete the balance of R3 600 .

R4 800. He paid a deposit of R1 200 and opted to pay instalments of R400 each month to complete the balance of R3 600 .

2.2 Convert an interest rate of \( 10 \% \) pal compounded quarterly to an annual effective interest rate. A lawnower was traded in for 2.326 anter 10 years. The depreciation was caleulated at \( 9.2 \% \) p.a. on a straight-line basis. Determine the cost of the lawnmower 10 years ago.

Determine the number of months to complete paying for the balance.

\begin{tabular}{l|l} A state law requiring you to \\ prove that you can pay for \\ damages you cause with a \\ vehicle is called a financial \\ responsibility law. \end{tabular}

If Menciksh pays an inderest of 21 for 9 jears on a sum of \( \$ 2500 \), rate of incevest per annum.