Question 2 Load shedding is an endemic in South Africa, many businesses and households are compelled to consider alternative sources of energy. The advertisement below depicts a solar panel kits with different payment options. TABLE 1: Solar panel kit and payment options Payflex Cash Price R13 278 (Vat Incl.) Split payment into 4 x interest free payments. 2.1 Available on Pre-Order Initial payment is two fifths of the cash price. Credit agreement Deposit: 10% Instalment: A x 24 months Interest Rates: 15% per annum monthly compounded. (adapted from solardirect.com) 2.1.1 Define deposit within the given context. 2.1.2 If the Payflex option is chosen, calculate the initial instalment amount and subsequent payable amounts. 2.1.3 Which payment option best suits the traditional hire purchase arrangement? 2.1.4 If a deposit is paid as per credit agreement requirements. Calculate the value of A, the instalment amount. (2) (5)​