Mathematics, 19.06.2021 14:00 jasonfavblueandblack

A bank charges 12% simple interest p. a on cash loans to its clients. Titos has asked for a R10 000 loan amount and has promised to repay the loan over 4 years.. 1.4.Calculate the interest which Titos should pay for the loan? 1.1.5. Calculate the total amount tito must pay back after 4 years. 1.1.6. Give one reason why people loan money from banks?

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Answer from: michaelmontoya64

1.4. The interest Tito should pay would be R10000 * 12% = R1200 for his first year.

1.1.5. The total amount Tito must pay back after 4 years would be R10000 * (1 + 12%)^4 = R10000 * 1.57351936 = R15735.2 (cor. to 1 d. p.).

1.1.6. People loan money from banks due to financial troubles or to attain startup resources for a company or business venture.

Step-by-step explanation:

Hope this helped!

Answer from: ThatOneDumbAsian

4800

Explanation:

interest=principle × rate × time/100

interest=10000 ×12 × 4/100

interest= 480000/100

interest=4800

amount=interest+principle

amount=4800+10000

amount=14800

people loan money from banks because they need money at a particular point in time where they do not have it

Answer from: Quest

idk

step-by-step explanation: i just don't

Answer from: Quest

the most boring ever written

step-by-step explanation:

i am writing something. yes, i plan to make it the most boring thing ever written. i go to the store. a car is parked. many cars are parked or moving. some are blue. some are tan. they have windows. in the store, there are items for sale. these include such things as soap, detergent, magazines, and lettuce. you can enhance your life with these products. soap can be used for bathing, be it in a bathtub or in a shower. apply the soap to your body and rinse. detergent is used to wash clothes. place your dirty clothes into a washing machine and add some detergent as directed on the box. select the appropriate settings on your washing machine and you should be ready to begin. magazines are stapled reading material made with glossy paper, and they cover a wide variety of topics, ranging from news and politics to business and stock market information. some magazines are concerned with more recreational topics, like sports card collecting or different kinds of hairstyles. lettuce is a vegetable.

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A bank charges 12% simple interest p. a on cash loans to its clients. Titos has asked for a R10 000...

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