Dsc1630 - introductory financial mathematics - Study guides, Class notes & Summaries

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Exam (elaborations) • 20 pages • 2023

DSC1630 : INTRODUCTORY FINANCIAL MATHEMATICS SIMPLE INTEREST May/June 2007 On 21 January 2007 Sarah invested an amount in an account earning 6.5% simple interest. If she has R1 200 available on 9 May 2007, then the amount she invested was [1] R1 006.43 [2] R1 176.92 [3] R1 177.36 [4] R1 177.85 [5] R1 223.08 Oct/Nov 2007 Two years from now Sipho has to pay Alet R15 000. He decides to pay her back earlier. If a simple interest rate of 12.5% per year is applicable, then the amount that Siph...

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DSC1630
Package deal • 3 items • 2024

ROYAL ACADEMY TUTORS Empowering you to conquer your world Providing World Class Tuition Fit for Kings & Queens Contact 083 427 5621 for Online and Exam Preparation Classes DSC1630: Introductory Financial Mathematics: Assignment 1, 2022 Page 1 DSC1630 Assignment 1 Possible Solutions Semester 1, 2022 Question 1 Patrick borrows money from Zanele

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DSC1630 ASSIGNMENT 2 SEMESTER 1
Exam (elaborations) • 24 pages • 2022

DSC1630 ASSIGNMENT 2 SEMESTER 1. Introductory Financial Mathematics. Question 4 An interest rate of 14,90% per year, compounded every 3 months, is equivalent to a weekly compounded interest rate of [1] 15,16%. [2] 14,65%. [3] 19,02%. [4] 14,88%. [5] none of the above. 6 7 Question 5 Martha needs R150 000 on 17 November 2020 to upgrade her deli. On 8 January 2020 she deposited an amount into an account earning 13,45% interest per year, compounded monthly, and being credited on the 1...