4.1 Thabo bought a home for R980 000. He paid a deposite of 10% of the selling price of the house. He obtained a loan from the bank at an interest rate of 11% per annum, compounded montly, to pay the balance of the selling price. He agreed to pay mountly instalments of R10 000 on the loan. 4.1.1 how much money did Thabo borrow from the bank? (2) 4.1.2 How many months will it take to repay the loan (6) 4.1.3 Calculate the balance of his loan immediately after his 90th instalment. (3) 4.1.4 Thabo experienced financial difficulties after the 90thinstalment and did not pay the 91th to the 95th instalment. At the end of the 96th month he increased his montly instalment so as to pay off the loan in the same time interval as planned initially. Calculate the value of his new monthly instalment