Mathematical Literacy 1.2 Isabel Louw is planning to take a personal loan to buy two motor-bikes which can be used to deliver the plants that she is selling. Each motor-bike costs R45 000. She saw the advertisement about the loans on a local newspaper. There are two options offered and she needs to decide on the cheaper option. EARTHNICAL PERSONAL LOANS LOAN TERMS AND CONDITIONS PERIOD PERIOD FACTOR 21 10.44 5 years 15 years NB: Factor includes: interest, insurance fees, initiation fees and monthly service fees 1.2.2 4 NSC The following formula may be used: Monthly repayment = Loan amount + 1000 x factor Use the information above to answer questions that follow. Calculate the total cost of the two motor-bikes. 1.2.1 1.2.3 1.2.4 ht reserved INTEREST RATE 10,2% 10,2% April 2023 Calculate Isabel Louw's monthly repayment if she decides to take the loan over a 5-year period. Isabel Louw claims that she will pay R80 000 more over the period of 15 years. Verify whether the statement is valid