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(Solved): Mamereri has just purchased a new car for the first time. The car cost R325 000 and she is paying a ...



Mamereri has just purchased a new car for the first time. The car cost R325 000 and she is paying a monthly instalment of R5 199 on the car for 72 months. She is paying interest of 9.85%. Based on the information, how much would Mamereri have paid the bank back in total rand value by the end of the period?



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To calculate the total amount Mamereri will have paid to the bank, multiply the monthly installment by the number of months in the payback period.
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