Final answer:
The annual property rates for a property worth R250,000 at a property rate of 0.989 cents (0.00989 rands) per year will be R2,472.50.
Step-by-step explanation:
To calculate the annual property rates for a property worth R250,000 with a property rate of 0.989c per year, you multiply the value of the property by the property rate:
Annual Property Rates = Property Value × Property Rate
Annual Property Rates = R250,000 × 0.989c
However, to proceed with the calculation, we need to ensure that the units are consistent. The notation 'c' usually represents cents, and 0.989c may imply 0.989 cents. To convert cents to rands (the currency unit), we use the conversion where 100 cents = 1 rand. Therefore, the rate in rands is 0.989 ÷ 100 = 0.00989 rands. Now we can calculate the rates as follows:
Annual Property Rates = R250,000 × 0.00989 = R2,472.50
The annual property rates will be R2,472.50.