Tshiamiso wants to buy a franchise that costs R250 000. He is planning on using R150 000 of his savings and take a loan of the outstanding amount. The loan has to be paid in 5 years time and in monthly payments at a fixed interest rate of 17.5% per year, compounded monthly. How much interest will Tshiamiso pay in the fifth month?

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Step-by-step explanation:

ιт ωαѕ 5¢м вє¢αυѕє 1/4 σf 20 ιѕ 5

αи∂ 5*4=20

нσρє ι ¢συℓ∂ нєℓρ уσυ

we can set up an equation to find the girls' ages. the equation is         28=0.5x-5+x. (comment if you need me to explain how i got this equation.) so, you add x and 0.5x to get 1.5x and add 5 to each side. your new equation is 33=1.5x. now divide both sides of the equation by 1.5 to get 22=x. because x is mary's age, to find jasmine's age we subtract mary's age from 28. we find that mary is 22 years old and jasmine is 6 years old.