QMI1500 Assignment 3 Solutions 2 - 2020

ROYAL ACADEMY TUTORS Empowering you to conquer your world Providing World Class Tuition Fit for Kings & Queens Visit QMI1500 – Elementary Quantitative Methods Assignment 3, Semester 2, 2020 Disclaimer: The solutions provided herein should be used as a guidance while attempting the assignment. Students are advised to use their own reasoning and logic, where possible, to come up with solutions to the assignment. Our aim is to provide accurate solutions; however, Royal Academy Tutors will not be liable for any loss of marks to those who copy and paste these solutions without taking time to come up with their own calculations. For general assistance, send a Please Call Me to For online classes registration contact Mary on / Or visit All rights reserved Errors and omissions excepted ROYAL ACADEMY TUTORS Empowering you to conquer your world Providing World Class Tuition Fit for Kings & Queens Visit Question 1 An investment of R5 650.00 at the simple interest rate of 8% per year, will reach an amount of R6 780.00 in (round your answer to two decimal places) From the simple interest formula, we are required to find the time period t (years), given P, S and r. Make t the subject of the formula that links S, P, r and t.