Exam (elaborations)
BASIC SOLUTIONS FOR DSC1630 EXAMINATION QUESTION PAPER.
- Course
- Institution
1. Identification: Simple interest rate R9 000 R10 000 2 months now 10 months Savings worth at month 10 – move R9 000 from 2 month’s ago to 10 month’s in future: S = P (1 + rt) 12 = 9 000 1 + 0,115 × 12 = 9 000(1,115 . . .) = R10 035,00. M...
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