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DSC1630 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 (234521)- DUE 8 August 2024
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DSC1630 Assignment 1(COMPLETE ANSWERS)
Semester 2 2024 (234521)- DUE 8
August 2024
100% GUARANTEED
, DSC1630 Assignment 1 (COMPLETE ANSWERS)
Semester 2 2024 (234521)- DUE 8 August 2024
Question 1 Not yet answered Marked out of 1.00 QUIZ You have
invested R1 500 in an account earning 6,57% simple interest. The
balance in the account 16 months later is a. R1 636,94. b. R2 814,00. c.
R1 631,40. d. R1 644,02. Clear my choice DSC1630-24-S2 Welcome
Message Assessment 1 Question 2 Not yet answered Marked out of
1.00 QUIZ If money is worth 12% per annum compounded monthly,
how long will it take the principal P tobecome four times the original
value? a. 11,61 years b. 7,27 years c. 69,66 years d. 139,32 years Clear my
choice DSC1630-24-S2 Welcome Message Assessment 1 Question 3
Not yet answered Marked out of 1.00 QUIZ An effective rate of 29,61%
corresponds to a nominal rate, compounded weekly, of a. 26,00%. b.
34,35%. c. 29,61%. d. 29,53%. Clear my choice DSC1630-24-S2
Welcome Message Assessment 1 Question 4 Not yet answered
Marked out of 1.00 QUIZ Peo needs R30 835,42 to buy a second hand
trailer. Approximately how long will it take him to save towards this
amount if he deposits R25 000now into a savings account earning
10,5% interest per year compounded weekly? a. 24 weeks b. 52 weeks
c. 104 weeks d. 2 weeks Clear my choice DSC1630-24-S2 Welcome
Message Assessment 1 Question 5 Not yet answered Marked out of
1.00 QUIZ Enele invests an amount of money in an account earning
13,88% interest per year, compounded weekly. After fi ve years, this
amount hasaccumulated to R50 000. The amount that was invested
initially is a. R25 001,79. b. R29 515,94. c. R15 300,00. d. R34 700,00.
Clear my choice DSC1630-24-S2 Welcome Message Assessment 1
Question 6 Not yet answered Marked out of 1.00 QUIZ Pretty has an
individual retirement plan. Her money is invested in a money market
fund that pays interest on a daily basis. Over a two yearperiod in
which no deposits or withdrawals were made, the balance of her
account grew from R4 500 to R5 268,24. The effective interest rateover
this period is a. 6,1%. b. 5,8%. c. 8,2%. d. 9,0%. Clear my choice
DSC1630-24-S2 Welcome Message Assessment 1 Question 7 Not yet
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