DSC1630 EXAM PACK 2024

DSC1630
EXAM PACK

Past exam questions, Detailed solutions,
explanations, and Summarised study Notes.



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,MAY JUNE


EXAM


2023

, DSC1630 May/June 2023
1) The following is an extract from the amortisation schedule for filling station. The loan will be
paid off in 15 years.

Month Outstanding Interest due Payment Principal Outstanding
principal at at the end of repaid principal at
the beginning the month month end
of the month
15 R385 232,41 R3 081,86 A R1 119,21 a
120 R202 152,34 R1 617,22 A B R199 568,48


The applicable yearly interest rate is:

𝑰
𝒓=
𝑷𝒕
𝟏
𝑰 = 𝑰𝒏𝒕𝒆𝒓𝒆𝒔𝒕 𝒅𝒖𝒆 𝑷 = 𝑶𝒖𝒕𝒔𝒕𝒏𝒅𝒏𝒈 𝒑𝒓𝒊𝒏𝒄𝒊𝒑𝒂𝒍 𝒂𝒕 𝒃𝒆𝒈𝒊𝒏𝒏𝒊𝒏𝒈 𝒕= 𝒓?
𝟏𝟐
𝟏
𝑰 = 𝟏 𝟔𝟏𝟕, 𝟐𝟐 𝑷 = 𝟐𝟎𝟐 𝟏𝟓𝟐, 𝟑𝟒 𝒕 = 𝟏 𝒎𝒐𝒏𝒕𝒉 = 𝒓?
𝟏𝟐
𝑰 𝟏 𝟔𝟏𝟕, 𝟐𝟐
𝒓= = = 𝟎, 𝟎𝟗𝟔𝟎 (× 𝟏𝟎𝟎) = 𝟗, 𝟔𝟎%
𝑷𝒕 𝟐𝟎𝟐 𝟏𝟓𝟐, 𝟑𝟒 × 𝟏
𝟏𝟐



a. 9,60%
b. 8,00%
c. 8,33%
d. 12,00%