Exam (elaborations)
DSC1630 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 (234642) - DUE 22 August 2024
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- University Of South Africa
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DSC1630 Assignment 2(COMPLETE ANSWERS)
Semester 2 2024 (234642) - DUE
22 August 2024
CONTACT: biwottcornelius@gmail.com
, DSC1630 Assignment 2 (COMPLETE ANSWERS)
Semester 2 2024 (234642) - DUE 22 August 2024
Question 1 Complete Mark 1.00 out of 1.00 Question 2
Complete Mark 1.00 out of 1.00 QUIZ 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%. 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 a. R29
000,00. b. R29 153,86. c. R32 768,16. d. R36 227,38.
Question 3 Complete Mark 1.00 out of 1.00 Question 4
Complete Mark 1.00 out of 1.00 Question 5 Complete
Mark 1.00 out of 1.00 To pay off a loan of R7 000 due now
and a loan of R2 000 due in 14 months’ time, Mrs
Skosana agrees to make three payments in two, fi ve
andten months’ time respectively. The second payment is
to be double the fi rst and the third payment is to be
triple the fi rst. What is theapproximated size of the
payment at month fi ve if interest is calculated at 16%
per year, compounded monthly? a. R1 582,43 b. R3
000,00 c. R3 164,86 d. R4 500,00 Spiderman decides that
he would like to buy his lovely wife, Spider woman, a new
car when she turns 30 in six years’ time. He deposits R6
000 atthe beginning of each month into an account
earning 8,94% interest per year, compounded monthly.
The amount that Spider man (rounded tothe nearest
rand) will have available six years from now is a. R333
412. b. R432 000. c. R568 948. d. R573 187. Thulani
borrowed an amount of money from his father to open
the Generous Grain Shop. The loan will be paid back by
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