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DSC1630 Assignment 02 Solutions Semester 1 2023
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2023DSC1630-INTRODUCTORY
FINANCIAL MATHEMATICS
SEMESTER 1
ASSIGNMENT 02 SOLUTIONS
UNIQUE NUMBER: 769259
Structural Engineer
M.Sc.,B.Sc. Hons. Civil Engineering
Moscow Russia
WhatsApp 065 934 4052
, ALL QUESTIONS ARE COVERED BUT RANDOMIZED
QUESTION 1
Thando invested R10 000 in a special savings a count on 15 May at an
interest rate of 15% per year, compounded every three months for seven
months. Interest is calculated on 1 January, 1 April, 1 July and 1 October of
every year.
If simple interest is used for the odd periods and compound interest for the
rest of the term, the amount of interest received after seven months is
A. R901,35.
B. R1 644,57.
C. R896,95.
D. R665,54.
QUESTION 2
Thando invested R10 000 in a special savings a count on 15 May at an
interest rate of 15% per year, compounded every three months for seven
months. Interest is calculated on 1 January, 1 April, 1 July and 1 October of
every year.
If fractional compounding is used for the full term of seven months, the total
amount of interest received is
A. R892,79.
B. R898,43.
C. R901,73.
D. R894,04.
Page 1
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