ANNEXURE A shows a summary of Bomvana's Vehicle and Household Insurance Policy - NSC Mathematical Literacy - Question 2 - 2022 - Paper 1

The monthly premium A for the VW Polo is calculated by adding the different premiums:

$A = R206,41 + R133,16 + R201,79 + R23,30 = R564,66$

To calculate the percentage discount:

1. The discount can be calculated as: $ext{Discount} = R2,450.36 - R2,184.21 = R266.15$

2. The percentage discount is then: ext{Percentage Discount} = rac{R266.15}{R2,450.36} imes 100 \\= 10.86\%

The insurance company will pay:

$R43,520.00 - R7,000 = R36,520.00$

The amount of VAT included in the total monthly premium is calculated as:

1. The total monthly premium before VAT is: $R2,450.36 \div (1 + 0.15) = R2,130.80$

2. The VAT amount is: $R2,450.36 - R2,130.80 = R319.56.$

The VW Polo may be a newer model or have a higher replacement value compared to the Toyota Corolla, which is older and thus has a lower risk profile.

The purchase of the additional lounge suite will increase the total value of household contents covered by his MiHome premium, likely resulting in a higher premium cost due to the increased insured amount.