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,DSC1630 Previous Exam question paper June 2024Introductory Financial Mathematics (University of South Africa)
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DSC1630 Previous Exam question paper June 2024
Introductory Financial Mathematics (University of South Africa)
Scan to open on Studocu
Studocu is not sponsored or endorsed by any college or
university
Downloaded by Vincent Cosmas
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mm
UNIVERSITY EXAMINATIONS
mm
MAY/JUNE 2024
DSC1630
INTRODUCTORY FINANCIAL MATHEMATICS
100 Marks
Duration: 2 Hours 30 Minutes
EXAMINERS:
,First: Mrs MF Immelman Second: Mrs WA Van Hoepen
This paper consists of 13 pages, including a list of formulas and
a date table.
Programmable calculator permissible.
Instructions:
Answer all the questions.
The paper comprises of 30 questions that count a total of 100
marks.
Only ONE option, indicated as [1] [2] [3] [4] [5] per question is
correct.
Marks will not be deducted for incorrect answers.
The answers to the examination MCQ may only be submitted
online.
Please contact bugmaster@unisa.ac.za if you do experience any
myUnisa problems during the examination.
Disclaimer:
We would like to remind you that Unisa has a zero tolerance for
any form of plagiarism or examination
dishonesty.
Page 1 of 13
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Page 2 of 13
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May/June 2020
Question 1
The amount of money you have to invest at a simple interest rate
of 15% per annum, to earn R5 250
interest after three years, is
[1] R3 620,69.
[2] R10 000,00.
[3] R5 249,48.
[4] R122 500,00.
[5] R11 666,67.
Question 2
A bank’s simple discount rate is 12% per annum. You need to
pay the bank R5 000 in six months’ time.
The amount of money that you will receive from the bank now
is
[1] R4 700,00.
[2] R4 716,98.
[3] R4 724,56.
[4] R5 300,00.
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