Question $2$

$2\mathrm{.}1$

Thabo Swart wants to buy a second hand VOLKSWAGEN Amarok. He found the following advertisement.

$\backslash$table$[[$Months$,\backslash$table$[[$Interest$],[$rate$]],\backslash$table$[[$Vehicle$],[$price$]],$Deposit,$*$Residual$,\backslash$table$[[$Monthly$],[$instalments$]],\backslash$table$[[$Total$],[$Payment$]]],[72,10\%,$R$641900,11\%,$R$57265\mathrm{.}60,$R$11900,***]]$

$*$Residual is an amount that must be paid at the end of the term after all the monthly payments have been made.

$[$Adapted from

en$.$m$.$wikipedia.org

Use the information above to answer the following questions.

$2\mathrm{.}1\mathrm{.}1$ Write down the cash price of the $2021$ VOLKSWAGEN Amarok.

$2\mathrm{.}1\mathrm{.}2$ Calculate the amount of deposit needed.

$2\mathrm{.}1\mathrm{.}3$ Determine the total payment on the $2021$ VOLKSWAGEN Amarok.

$2\mathrm{.}1\mathrm{.}4$ Calculate the difference between the cash option and the instalment option.

$2\mathrm{.}1\mathrm{.}5$ What method of payment is best for Thabo Swart to choose if he wants to pay the least amount of money after $72$ months? Explain your answer.

$5$