Exam (elaborations)
DSC1630 ASSIGNMENT 02 second semester answers 2024
- Institution
- University Of South Africa (Unisa)
This document contains the questions and answers of the DSC1630 ASSIGNMENT 02.
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DSC1630Assessment 2
SECOND SEMESTER
Due Date 22 August 2024
, QUIZ
Question 1
Mary invested R40 000 in order to have R56 000 available in 30 months’ time. The yearly rate,
compounded semi-annually, is
a.
7,21%.
b.
8,00%.
c.
13,92%.
d.
14,41%.
Question 2
Bhongo received R32 412,87 after investing an amount of money in an account earning interest at a
continuous compounding rate of 10,15% per year. The amount of money that he invested 57 weeks
earlier, is approximately
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