Exam (elaborations)
DSC1630 Assignment 02 Solutions Semester 1 2023
- Institution
- University Of South Africa (Unisa)
Distinction Guaranteed
[Show more]
Content preview
2023DSC1630-INTRODUCTORY
FINANCIAL MATHEMATICS
SEMESTER 1
ASSIGNMENT 02 SOLUTIONS
UNIQUE NUMBER: 769259
Structural Engineer
M.Sc.,B.Sc. Hons. Civil Engineering
Moscow Russia
WhatsApp 065 934 4052
, ALL QUESTIONS ARE COVERED BUT RANDOMIZED
QUESTION 1
Thando invested R10 000 in a special savings a count on 15 May at an
interest rate of 15% per year, compounded every three months for seven
months. Interest is calculated on 1 January, 1 April, 1 July and 1 October of
every year.
If simple interest is used for the odd periods and compound interest for the
rest of the term, the amount of interest received after seven months is
A. R901,35.
B. R1 644,57.
C. R896,95.
D. R665,54.
QUESTION 2
Thando invested R10 000 in a special savings a count on 15 May at an
interest rate of 15% per year, compounded every three months for seven
months. Interest is calculated on 1 January, 1 April, 1 July and 1 October of
every year.
If fractional compounding is used for the full term of seven months, the total
amount of interest received is
A. R892,79.
B. R898,43.
C. R901,73.
D. R894,04.
Page 1
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller iTutor2024. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R50,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now