Exam (elaborations)
DSC1630 Assignment 1 Semester 2 2023
- Institution
- University Of South Africa (Unisa)
DSC1630 Assignment 1 Semester 2 2023
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DSC1630 Assignment1 Semester 2, 2023
FOR ASSISTANCE
CONTACT
061 583 0794
, Started on Thursday, 3 August 2023, 6:00 AM
State Finished
Completed on Thursday, 3 August 2023, 6:42 AM
Time taken 41 mins 50 secs
Marks 15.00/15.00
Grade 100 out of 100.00
Question 1
Complete
Mark 1.00 out of 1.00
Question text
Kariem deposits R900 into a savings account paying 6,5% interest per
year, compounded quarterly. After three and a half years he withdraws
R1 000 from the account and deposits it into a second account paying
11% simple interest per year. How much is the total amount accrued in
the first account two years after withdrawing the R1 000? The correct
answer, rounded to the nearest rand, is
a.R1 105.
b.R128.
c.R145.
d.R605.
Question 2
Complete
Mark 1.00 out of 1.00
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