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DSC1630 Assignment 2 2024

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DSC1630 Assignment 2 2024

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University Of South Africa (Unisa)
Course
DSC1630 - Introductory Financial Mathematics (DSC1630)








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Institution
University of South Africa (Unisa)
Course
DSC1630 - Introductory Financial Mathematics (DSC1630)
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Uploaded on
March 18, 2024
Number of pages
6
Written in
2023/2024
Type
Other
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Unknown

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  • dsc1630

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18/03/2024, 15:12 Assessment 2: Attempt review




UNISA  2024  DSC1630-24-S1  Welcome Message  Assessment 2

QUIZ




Started on Monday, 18 March 2024, 3:06 PM
State Finished
Completed on Monday, 18 March 2024, 3:12 PM
Time taken 5 mins 25 secs
Marks 14.00/15.00
Grade 93.33 out of 100.00


Question 1
Complete

Mark 1.00 out of 1.00




An interest rate of 17,5% per year compounded quarterly is equivalent to a continuous
compounding rate of


a. 17,128%.

b. 17,185%.

c. 17,500%.

d. 17,888%.




Question 2
Complete

Mark 1.00 out of 1.00




An amount borrowed at 29% interest per year compounded continuously has accumulated
to R38 279,20 after four years. The initial amount borrowed was


a. R7 160,73.

b. R12 000,00.

c. R12 005,53.

d. R13 823,05.




https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15960696&cmid=842668 1/6
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