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DSC1630/Ass1-4/S1/2022
Assignments - 2022
Introdu tory Finan ial Mathemati s
DSC1630
Semester 1
Department of De ision S ien es
These four assignments MUST be submitted via myUnisa
Assignments
- Quiz A tivities.
01 1 Mar h 2022 189377
02 14 Mar h 2022 185257
03 24 Mar h 2022 179653
04 26 April 2022 632596
Bar code
Downloaded by Frank Waweru ()
, lOMoARcPSD|52156080
DSC1630/Ass1-4
First semester ompulsory assignments
Assignment 01 must be submitted by its due date to obtain admission to
the examination
Compulsory Assignment 01
Due Date: 1 Mar h 2022
Unique Number: 189377
Please work through the following before answering the
assignment questions:
• Chapters 2 3.2
• Self evaluation exer ises 1 and 2 under Additional Resour es
on myUnisa
Question 1
Patri borrows money from Zanele at a simple dis ount rate of 9,75% per annum. He must pay him R35 000
in 27 months' time. The amount of money that he re eives from Zanele now is
[1℄ R27 321,88.
[2℄ R44 835,87.
[3℄ R28 389,51.
[4℄ R42 678,13.
Question 2
On 29 Mar h 2022, Justin deposited R3 500 into a savings a ount. The simple interest rate agreed upon
was 7,5% per year. The a umulated amount in the savings a ount on 10 O tober 2022 is
[1℄ R3 640,24.
[2℄ R3 643,09.
[3℄ R3 637,88.
[4℄ R3 649,06.
Note: Ignore the leap year unless it is spe i
ed that it is a leap year.
2
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DSC1630/Ass1-4
Question 3
An investment of R20 000 a umulated to R45 200. If the appli able simple interest rate is 12% per year,
then the time under onsideration is
[1℄ 3,25 years.
[2℄ 4,65 years.
[3℄ 7,19 years.
[4℄ 10,50 years.
Question 4
The simple interest rate whi h is equal to a dis ount rate of 12% per year for a period of 18 months is
[1℄ 10,34%.
[2℄ 0,12%.
[3℄ 12,00%.
[4℄ 14,63%.
Question 5
The a umulated amount that you will re eive after 38 months if you deposit R13 300 into an a ount where
money is worth 11,35% per year, ompounded every two months is
[1℄ R15 690,19.
[2℄ R18 080,24.
[3℄ R14 117,08.
[4℄ R18 988,31.
Question 6
The bank harges a nominal interest rate of 16,5% per annum, ompounded at the end of every se ond
month. The equivalent ee tive interest rate is
[1℄ 17,18%.
[2℄ 17,68%.
[3℄ 14,53%.
[4℄ 16,18%.
3
Downloaded by Frank Waweru ()
DSC1630/Ass1-4/S1/2022
Assignments - 2022
Introdu tory Finan ial Mathemati s
DSC1630
Semester 1
Department of De ision S ien es
These four assignments MUST be submitted via myUnisa
Assignments
- Quiz A tivities.
01 1 Mar h 2022 189377
02 14 Mar h 2022 185257
03 24 Mar h 2022 179653
04 26 April 2022 632596
Bar code
Downloaded by Frank Waweru ()
, lOMoARcPSD|52156080
DSC1630/Ass1-4
First semester ompulsory assignments
Assignment 01 must be submitted by its due date to obtain admission to
the examination
Compulsory Assignment 01
Due Date: 1 Mar h 2022
Unique Number: 189377
Please work through the following before answering the
assignment questions:
• Chapters 2 3.2
• Self evaluation exer ises 1 and 2 under Additional Resour es
on myUnisa
Question 1
Patri borrows money from Zanele at a simple dis ount rate of 9,75% per annum. He must pay him R35 000
in 27 months' time. The amount of money that he re eives from Zanele now is
[1℄ R27 321,88.
[2℄ R44 835,87.
[3℄ R28 389,51.
[4℄ R42 678,13.
Question 2
On 29 Mar h 2022, Justin deposited R3 500 into a savings a ount. The simple interest rate agreed upon
was 7,5% per year. The a umulated amount in the savings a ount on 10 O tober 2022 is
[1℄ R3 640,24.
[2℄ R3 643,09.
[3℄ R3 637,88.
[4℄ R3 649,06.
Note: Ignore the leap year unless it is spe i
ed that it is a leap year.
2
Downloaded by Frank Waweru ()
, lOMoARcPSD|52156080
DSC1630/Ass1-4
Question 3
An investment of R20 000 a umulated to R45 200. If the appli able simple interest rate is 12% per year,
then the time under onsideration is
[1℄ 3,25 years.
[2℄ 4,65 years.
[3℄ 7,19 years.
[4℄ 10,50 years.
Question 4
The simple interest rate whi h is equal to a dis ount rate of 12% per year for a period of 18 months is
[1℄ 10,34%.
[2℄ 0,12%.
[3℄ 12,00%.
[4℄ 14,63%.
Question 5
The a umulated amount that you will re eive after 38 months if you deposit R13 300 into an a ount where
money is worth 11,35% per year, ompounded every two months is
[1℄ R15 690,19.
[2℄ R18 080,24.
[3℄ R14 117,08.
[4℄ R18 988,31.
Question 6
The bank harges a nominal interest rate of 16,5% per annum, ompounded at the end of every se ond
month. The equivalent ee tive interest rate is
[1℄ 17,18%.
[2℄ 17,68%.
[3℄ 14,53%.
[4℄ 16,18%.
3
Downloaded by Frank Waweru ()
