QUESTION 1 1.1 What will be the best option to invest R35 000 for 3 years: a) at 15% per year simple interest. (3) b) at 14% per year compound interest. (5) 1.2 If R18 000 is borrowed at 12,5% per year compound interest, determine the: a) interest to be paid for borrowing the money for 4 years. (5) (1) b) total amount that has to be paid back after 4 years. 1.3 R30 000 is invested for 2 years at an interest rate of 10,5% per year. Calculate the le value of the investment after 2 years if interest is compounded half-yearly. [2 QUESTION 2 Differentiate between personal income and personal expenditure. Give an exam​