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UNIVERSITY EXAMINATIONS
MAY/JUNE 2020
DSC1630
INTRODUCTORY FINANCIAL MATHEMATICS
100 Marks
Duration: 2 Hours 30 Minutes
EXAMINERS:
First: Mrs MF Immelman Second: Mrs WA Van Hoepen
This paper consists of 13 pages, including a list of formulas and a date table.
Programmable calculator permissible.
Instructions:
Answer all the questions.
The paper comprises of 30 questions that count a total of 100 marks.
Only ONE option, indicated as [1] [2] [3] [4] [5] per question is correct.
Marks will not be deducted for incorrect answers.
The answers to the examination MCQ may only be submitted online.
Please contact bugmaster@unisa.ac.za if you do experience any myUnisa problems during the examination.
Disclaimer:
We would like to remind you that Unisa has a zero tolerance for any form of plagiarism or examination
dishonesty.
Page 1 of 13
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CONFIDENTIAL DSC1630
Page 2 of 13 May/June 2020
Question 1
The amount of money you have to invest at a simple interest rate of 15% pertoan
eanrunmR,5 250
interest after three years, is
[1] R3 620,69.
[2] R10 000,00.
[3] R5 249,48.
[4] R122 500,00.
[5] R11 666,67.
Question 2
A bank’s simple discount rate is 12% per anYn
ou n.eed to pay the bank R5 000 in six months’ time.
The amount of money that you will receive from the bank now is
[1] R4 700,00.
[2] R4 716,98.
[3] R4 724,56.
[4] R5 300,00.
[5] R5 319,15.
Question 3
Jacob invests R8 350 in an account that pays simple interAefstte.r six years,the amount that he
receives (accumulated sum) is R12 8T5h9e. simple interest rate on the investmeronut,n ded to two
decimal places, is
[1] 0,75% per year.
[2] 45,09% per year.
[3] 1,08% per year.
[4] 9,00% per year.
[5] none of the above.
Question 4
The accumulated amount that Mabe will receive after 38 months if she deposits R13 300 into an acc
where money is worth 11,35% per year compounded every two months is
[1] R14 117,08.
[2] R15 690,19.
[3] R18 080,24.
[4] R18 865,83.
[5] R18 988,31.
Page 2 of 13
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