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DSC1630 ASSIGNMENT 1 SEMESTER 1 2024
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This document contains DSC1630 Assignment 1 Questions and trusted answers.
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DSC1630-24-S1 Welcome Message Assessment 1QUIZ
Started on Tuesday, 27 February 2024, 9:39 PM
State Finished
Completed on Tuesday, 27 February 2024, 10:01 PM
Time taken 21 mins 2 secs
Marks 12.00/15.00
Grade 80.00 out of 100.00
Question 1
Complete
Mark 0.00 out of 1.00
Noma invests R1 500 in an account earning 6,57% simple interest. The balance in the account 16 months later will equal
a. R1 631,40.
b. R1 632,82.
c. R2 814,00.
d. R1 644,02.
Question 2
Complete
Mark 1.00 out of 1.00
A bank’s discount rate is 12%. You need to pay the bank R5 000 in six months time. The amount of money that you will now receive from the
bank equals
a. R4 700,00.
b. R4 716,98.
c. R4 724,56.
d. R5 300,00.
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