A bank charges 12% simple interest p. a on cash loans to its clients. Titos has asked for a R10 000 loan amount and has promised to repay the loan over 4 years.. 1.4.Calculate the interest which Titos should pay for the loan? 1.1.5. Calculate the total amount tito must pay back after 4 years. 1.1.6. Give one reason why people loan money from banks?​

1.4. The interest Tito should pay would be R10000 * 12% = R1200 for his first year.

1.1.5. The total amount Tito must pay back after 4 years would be R10000 * (1 + 12%)^4 = R10000 * 1.57351936 = R15735.2 (cor. to 1 d. p.).

1.1.6. People loan money from banks due to financial troubles or to attain startup resources for a company or business venture.

Step-by-step explanation:

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4800

Explanation:

interest=principle × rate × time/100

interest=10000 ×12 × 4/100

interest= 480000/100

interest=4800

amount=interest+principle

amount=4800+10000

amount=14800

people loan money from banks because they need money at a particular point in time where they do not have it

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step-by-step explanation:

ca = ec

cpctc makes it so that corresponding parts of the triangle you proved to be equal are equal, the other options aren't part of the part of the triangles you proved to be equal.