DSC1630 Assignment 1&2 Answers 2026 - Distinction Guaranteed

DSC1630
ASSIGNMENT 1 & 2
DUE DATE: MARCH APRIL 2026

,2/27/26, 8:37 PM Assessment 1 (page 1 of 15)




)SC1630-26-S1 Welcome Message Assessment 1


QUIZ




Question 1
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An effective rate of 29,61% corresponds
to a nominal rate, compounded weekly, of


0 a. 29,53%.

0 b. 26,00%.

O c. 34,35%.

O d. 29,61%.




P=35000[1-0.09752.25]=35000(1-0.219375)=350000.78
0625=27321.875.




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,2/27/26, 8:38 PM Assessment 1 (page 2 of 15)




DSC1630-26-S1 Welcome Message Assessment 1


QUIZ




Question 2
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Pretty borrows money from Clement at a simple discount rate of 9,75% per year. She
must pay him R35 000 in 27 months' time. The amount of money that she receives
from James now is


0 a. R27 321,88.
0 b. R44 835,87.

0 c. R28 703,23.

0 d. R42 678,13.




P=35000[1-0.09752.25]=35000(1-0.219375)=
350000.780625=27321.875.




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, 2/27/26, 8:39 PM Assessment 1 (page 3 of 15)




DSC1630-26-S1 Welcome Message Assessment 1


QUIZ




Question 3
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Hassim 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


0 a. R605.

0 b. Rl 105.

0 C. R128.

0 d. R145.




A2=127.85(1+40.065)42=127.85(1.01625)8=14
5.44.




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