question 2

I = interest in rand

r = rate in rand

P = principal

t = time in years

6
P ≔ 6125.00 t≔― I ≔ 138.00
12

I
r ≔ ―― ⋅ 100
P⋅t

138
r ＝ ――⋅ (100)
6125
r = 4.506 in percentage

Question 17

total time is 42 month

monthly payment R is 411.35 rand

rate is 8.1 % compounded monthly

The remaining ballance is the present value of money to be paid during the remaining
period

remaing time is 42 - 24 month which is 18 month

8.1
n ≔ 18 R ≔ 411.35 i ≔ ―――
12 ⋅ (100)
⎛ n ⎞
(1 + i) − 1
P ≔ R ⋅ ⎜―――― ⎟
n
⎜⎝ i ⋅ (1 + i) ⎟⎠

P = 6950.13 in rand value

There was another question which needed correction, I think Q 14