DSC1630 Assignment 1 semester 1 2023

2/16/23, 2:45 PM Assessment 1 (page 1 of 15)




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Question 1
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A sum of R1 000 is due in five months’ time from now, at a simple interest rate of 12% per annum. The present value of the sum is



A. R952,38.

B. R567,43.

C. R1 050,00.

D. R625,00.

Clear my choice




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https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=6703822&cmid=592113 1/1

, 2/16/23, 2:46 PM Assessment 1 (page 2 of 15)




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Question 2
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Alton invests R8 350 in an account that pays simple interest. After six years, the amount that he receives back is R12 859. The simple interest
rate on the investment, rounded to two decimal places, is



A. 0,75% per year.

B. 45,09% per year.

C. 1,08% per year.

D. 9,00% per year.

Clear my choice




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https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=6703822&cmid=592113&page=1 1/1