# Maths Paper 1, November 2024, question 7.3.1

> Naledi borrowed R80 000 from a bank on 1 July 2023. Marked mark by mark. Q7.3.1, Maths Paper 1 November 2024, 2 marks. Free to try, no sign-up.

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Last updated: 2026-11-12

Subject: Maths. Source: Based on Nov 2024 · Paper 1 · Q7.3.1. Marks: 2. Not yet checked by a teacher.

## Question 7.3.1 (2 marks)

Naledi borrowed R80 000 from a bank on 1 July 2023. She agreed to repay the loan over 4 years in equal monthly instalments of R2 000 each, with the first instalment paid on 1 August 2023. Calculate the total interest that she will pay over the 4 years.

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[Answer this question](https://sharpkop.co.za/maths/2024-nov-p1/q7-3-1/) and see it marked mark by mark, with the reason for every lost mark.

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