DSC1630 EXAM PACK 2022. Introductory Financial Mathematics.
The amount of money you have to invest at a simple interest rate of 15% per annum, to earn R5 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...
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:
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Question 1
The amount of money you have to invest at a simple interest rate of 15% pertoannum,
earn R5 250
interest after three years, is
Question 2
A bank’s simple discount rate is 12% per annum.
You need to pay the bank R5 000 in six months’ time.
The amount of money that you will receive from the bank now is
Question 3
Jacob invests R8 350 in an account that pays simple interest.
After six years,the amount that he
receives (accumulated sum) is R12 859.
The simple interest rate on the investment,
rounded 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
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Question 5
Sakkie borrowed an amount of money from TheLulu.loan willbe paid back by means of payments of
R25 000 every second month for six years.
An interest rate of 7,75% per year compounded every second
month will be applicable.
The present value of the loan is
Question 6
On 16 April,Nkosideposited an amount ofmoney in a savings account that earns 8,5% per annum,
simple interest.
He intends to withdraw the balance of R2 599 on 8 December of the same year (not lea
year) to buy himself a new bicycle.
The amount of money that Nkosi deposited is
Question 7
Bi Cycle agreed to establish the Spike Fund from which they
paywill
Handle R2 500 per month indef-
initely as compensation for injuries he sustained while working on the Riley Money
project.is worth
12,5% per year, compounded monthly.The opening balance of this fund is
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