Jane buys furniture to the value of r10 00000 she borrows, Ask an Expert

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Jane buys furniture to the value of R10 000.00 . She borrows the money from a financial institution on 1 February 2015. An interest rate of 9% per annum, compounded monthly, is charged. On 1 July 2015 she agrees to start paying the outstanding amount by paying a fixed monthly installment of R450. The first installment will be paid at the end of July 2015.

Calculate the amount owed to the financial institution on 1 July 2015 How many months will it tae Jane to pay back the loan Calculate the radius of a closed can of 340ml if the total outside surface area has o be a minimum.

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