thematical Literacy/Grade 12 JESTION 1 Purchase price: R1 560 000 Deposit: Optional 3 Elisa has taken a home loan from Ooba home loans to buy a house in Kuruman. The house has 3 bedrooms, 2 bathrooms and a parking space for two cars. A picture of the house and the loan agreement are shown below. THE PICTURE OF THE HOUSE AND THE LOAN AGREEMENT Loan period: 20 years Monthly repayment (instalment): R16 368 Use the information above to answer the questions that follow. 1.1.1 Explain the meaning of the term home loan in the given context. 1.1.2 Write down the cash price of the house. 1: S to 0. 1.1.3 Alisa pays her instalment every month. May 2023/Assignn [Adapted from https://www.property24.coml Determine the total amount she will have paid after 20 years.. 1.1:4 Calculate the total percentage interest that Alisa would have paid by the end of 20 years if the monthly instalment did not change. Round off your answer to the nearest percentage.​