Exam (elaborations) DSC1630 ASSIGNMENT 3 SEMESTER 1 AND 2 2 Exam (elaborations) DSC1630- EXAM PACK 2021 3 Exam (elaborations) DSC1630 Formules STUDY PACK. SUCCESS 4 SUMMARY Department of Decision Sciences Introductory Financial Mathematics Only study g

Contents 1 Introduction 1 2 Simple interest and discount 3 2.1 Simple interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 2.2 Time lines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 2.3 Simple discount . . . . . . . . . . . . . . . . . . . . . . . ....

1 WHEN TO USE WHICH FORMULA Below are guidelines with regard to the identification and application of formulae (i.e. when to use which formula). 1.1 Simple Interest You go to the bank once and the calculation is done at the end of the investment time. The words “simple interest” must be men...

1. On his ninth birthday on 21 February Shelly received R420. His parents immediately invested the money in an account that earns 7,5% simple interest. The amount of money that can be withdrawn on 5 June for the same year equals [1] R411,21. [2] R428,89. [3] R428,98. [4] R429,07. [5] none of ...