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Question 3
3.1 Calculate, in rand per minute, the rate for solo flying. 3.1.2 Calculate the total approximate cost to get a private pilot's licence. 3.2 Two years ago Franco h... show full transcript
Step 1
Answer
To calculate the rate for solo flying, we first find the total cost of solo flying.
The total cost for solo flying is R31 050 for 18 hours. Therefore, to find the cost per hour:
To get the rate in rand per minute, we divide by 60:
Step 2
Answer
To determine the total approximate cost for obtaining a private pilot’s licence, we sum up all related expenses:
Solo flying for 18 hours at total cost R31,050
15 hours ground lesson at R1,242.20 per hour:
Now, summing all costs:
Step 3
Answer
To calculate the total invested amount after two years at an interest rate of 8.5% compounded annually:
Using the formula for compound interest:
Where:
Calculating:
To verify if this is sufficient, we compare it with the total cost of R116,657. Since R105,690.25 < R116,657, Franco does not have enough funds.
Step 4
Answer
A possible reason for the increased probability of passing after the second attempt could be that:
Step 5
Answer
Let:
Thus:
Next, for the second attempt:
To find B for the second attempt, we calculate:
Using the failure rates:
Step 6
Answer
To verify the conversion of 26,000 hours into weeks, we first convert hours:
To further break this down:
This breaks down to:
And the remainder 8 hours confirms that the instructor's statement is valid.
Step 7
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Step 9
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