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DSC1630 Assignment 2 (QUIZ) Semester 2 2024 (234642) - DUE 22 August 2024 $2.71   Add to cart

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DSC1630 Assignment 2 (QUIZ) Semester 2 2024 (234642) - DUE 22 August 2024

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DSC1630 Assignment 2 Full QUIZ Solutions Semester 2 2024 (234642) - DUE 22 August 2024 ;100 % TRUSTED workings, Expert Solved, Explanations and Solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)...........

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  • August 22, 2024
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DSC1630
ASSIGNMENT 2 SEMESTER 2 2024
UNIQUE NO. 234642
DUE DATE: 22 AUGUST 2024

, Question 1:
Mary invested R40,000 and aims to have R56,000 in 30 months. What is the yearly
interest rate, compounded semi-annually?
a. 7.21%
b. 8.00%
c. 13.92%
d. 14.41%
Answer: d. 14.41%




Question 2:
Bhongo received R32,412.87 after investing in an account with a continuous
compounding interest rate of 10.15% per year. What was the amount he invested 57
weeks earlier?
a. R29,000.00
b. R29,153.86
c. R32,768.16
d. R36,227.38
Answer: b. R29,153.86

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