Write in your own words to avoid
Plagiarism!!
DSC1630
ASSIGNMENT 02 FOR
SEMESTER 2
YEAR: 2026
, Started on Wednesday, 1 July 2026, 10:37 AM
State Finished
Marks 15.00/15.00
Grade 100.00 out of 100.00
Question 1
Incorrect
Mark 0.00 out of 1.00
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Question text
A savings account pays interest at the rate of 5% per year, compounded semi-annually. The amount
that should be deposited now so that R250 can be withdrawn at the end of every six months for the
next ten years is
A.
R3 144,47.
B.
R6 386,16.
C.
R1 930,43.
D.
R3 897,29.
Feedback
The correct answer is: R3 897,29.
Question 2
Incorrect
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Question text
Three years ago Bafana borrowed R7 500 from Babalwa. The condition was that he would pay her
back in seven years’ time at an interest rate of 11,21% per year, compounded semi-annually. Six
months ago he also borrowed R25 000 from Babalwa at 9,45% per year, compounded monthly.
Bafana would like to pay off his debt four years from now.
After seeing what he must pay Babalwa, Bafana decides to reschedule his debt as two equal
payments: one payment now and one three years from now. Babalwa agrees on condition that the
new agreement, that will run from now, will be subjected to 10,67% interest, compounded quarterly.
The amount that Bafana will pay Babalwa three years from now is
Plagiarism!!
DSC1630
ASSIGNMENT 02 FOR
SEMESTER 2
YEAR: 2026
, Started on Wednesday, 1 July 2026, 10:37 AM
State Finished
Marks 15.00/15.00
Grade 100.00 out of 100.00
Question 1
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
A savings account pays interest at the rate of 5% per year, compounded semi-annually. The amount
that should be deposited now so that R250 can be withdrawn at the end of every six months for the
next ten years is
A.
R3 144,47.
B.
R6 386,16.
C.
R1 930,43.
D.
R3 897,29.
Feedback
The correct answer is: R3 897,29.
Question 2
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
Three years ago Bafana borrowed R7 500 from Babalwa. The condition was that he would pay her
back in seven years’ time at an interest rate of 11,21% per year, compounded semi-annually. Six
months ago he also borrowed R25 000 from Babalwa at 9,45% per year, compounded monthly.
Bafana would like to pay off his debt four years from now.
After seeing what he must pay Babalwa, Bafana decides to reschedule his debt as two equal
payments: one payment now and one three years from now. Babalwa agrees on condition that the
new agreement, that will run from now, will be subjected to 10,67% interest, compounded quarterly.
The amount that Bafana will pay Babalwa three years from now is
