3. |
A painting is valued at R800 in 1950. It appreciates at 8% p.a. What is the value of the painting in 2009? |
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4. |
In 2008 a man buys a lorry at R1 000 000. The lorry depreciates at 8% p.a. What will the |
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the value of the lorry be in 2018? |
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5. |
In 1952 a coin collection is valued at R120. The collection appreciates at 7% p.a. |
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What is the value of the collection in 2008? |
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6. |
The value of a motorcar is R750 000 in 2007. It depreciates at 18% p.a. Calculate the value of the car |
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in 2010. |
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7. |
In 1970 an aeroplane is valued at $80 000, US dollars. The aeroplane depreciates at 6,5% p.a. |
7.1 |
Calculate the value of the aeroplane, in US dollars $, in 2009. |
7.2 |
In 1970 the exchange rate is $1 = R0,85 and in 2009 the exchange rate is $1 = R10,42. |
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Calculate the value of the aeroplane in Rand in 1970 and in 2009. |
7.3 |
What was the percentage rate of change in the Rand value of the aeroplane from 1970 to 2009? |
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8. |
An art collection is valued at R550 000 in 1960. In 2008 the same collection is valued at |
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R102 224 812. At what percentage rate did the collection appreciate? |
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9. |
The value of a car in 1999 is R240 000. In 2009 the value of the same car is |
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R47 250. At what percentage rate did the value of the car depreciate? |
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10. |
Tom buys a bed. The bed costs R2 850. There are three options available. Help Tom to |
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choose the best option available. |
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Option 1: Pay cash and receive a discount of 10%. |
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Option 2: Pay a deposit of 15% and the remainder over 24 months at an interest rate of 12,5%. |
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Option 3: Borrow the necessary amount at the bank at an interest rate of 15% p.a. |
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compounded monthly for 2 years and pay cash for the bed. |
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