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DSC1630 Assignment 5 (mock exam) Semester 1 2024
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Assessment 5 (page 1 of 15) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=18DSC1630-24-S1 Welcome Message Assessment 5
QUIZ
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Question 1
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Three years ago Jake borrowed R7 500 from
Martha. The condition was that he would pay her
back in seven years’ time at an interest rate of
11,21% per year, compounded semi-annually. Six
months ago he also borrowed R25 000 from
Martha at 9,45% per year, compounded monthly.
Jake would like to pay off his debt four years
from now.
The amount of money that Jake will have to pay
Martha four years from now is
a. R36 607,98.
b. R48 032,20.
c. R45 181,81.
d. R54 278,92.
Clear my choice
1 of 1 2024/04/26, 10
,Assessment 5 (page 2 of 15) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=18
UNISA 2024 DSC1630-24-S1 Welcome Message Assessment 5
QUIZ
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Time left 1:04:27
Question 2
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Miriam bought a painting for R15 000. For 10 years the value of the painting increased yearly by
20%. Thereafter the value increased yearly by 15%. The amount of money that Miriam can expect
to receive if she sells the painting after owning it for 23 years equals
a. R571 446,59.
b. R649 270,78.
c. R373 371,86.
d. R132 750,00.
Clear my choice
1 of 1 2024/04/26, 10
,Assessment 5 (page 3 of 15) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=18
UNISA 2024 DSC1630-24-S1 Welcome Message Assessment 5
QUIZ
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Question 3
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In three years’ time Lindiwe is going to need R145 000 to pay for a boat cruise on the Queen Mary.
She immediately starts to make monthly deposits into an account earning 11,05% interest per
year, compounded monthly. Lindiwe’s monthly deposit equals
a. R4 027,78.
b. R3 384,18.
c. R3 415,34.
d. R4 707,20.
Clear my choice
1 of 1 2024/04/26, 11
,Assessment 5 (page 9 of 15) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=18
UNISA 2024 DSC1630-24-S1 Welcome Message Assessment 5
QUIZ
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Time left 0:55:31
Question 9
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You started saving to pay for your children’s university costs in 20 years’ time. Your �rst payment
was R3 600 per year, after which your yearly payments increased by R360 each year. If the
expected interest rate per year is 10%, the amount that you expect to receive to the nearest rand
on the maturity date will be
a. R340 380.
b. R213 030.
c. R484 380.
d. R412 380.
Clear my choice
1 of 1 2024/04/26, 11
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