QMI1500 Assignment 2 2024| Due 22 August 2024

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JNISA 2024 0MI1500-24-$2 Welcome Messa Assessment 2



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QUIZ

Assessment 2


Opened: Monday, 22 July 2024, 8:00 AM
Closes: Thursday, 22 August 2024, 7.00 PM


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Attempts allowed: 2

Grading method: Highest grade

Grade to pass: 10.00 out of 20.00



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Question l In the past two years, MAA Mutual Fund grew at a rate of 10,4% per year, compounded monthly. Over the same period, Public Mutual Fund grew
Answer saved 10,6% per year, compounded semi-annually. An amount of R10 000,00 was invested in each fund for the two years. Choose the correct statem
Marked out of
1.00

Select one:
0 a. The MAA Mutual Fund yielded 0,2% less interest than the Public Mutual Fund.

0 b. The Public Mutual Fund yielded more interest than the MAA Mutual Fund.
@c The Public Mutual Fund yielded less interest than the MAA Mutual Fund.

0 d. The two funds yielded the same amount of interest.

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Question Z Only chocolate and vanilla ice cream cones are sold at an ice cream store. On a specific day, the number of chocolate cones sold was one more than f
Answer saved times the number of vanilla cones sold. A total of 121 cones were sold that day.
Marked out of
1.00
Let C represent the number of chocolate cones sold.
tl Let V represent the number of vanilla cones sold


The system of linear equations that shows how many chocolate and vanilla cones were sold that day, is

Select one:
O a. 4G = V + 1 and
C =121 -V
Ob C-4V = land
C+V=121
@c. C-4V=land
+V=121
Od. 4V =C-1and
V121+C
ar my