DSC1630 ASSIGNMENT 1 FOR 2ND SEM 2026

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DSC1630
ASSIGNMENT 01 FOR
SEMESTER 2
YEAR: 2026

, Started on Wednesday, 1 July 2026, 10:20 AM
State Finished
Marks 15.00/15.00
Grade 100.00 out of 100.00
Question 1
Correct
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Question text
A sum of R1 000 is due in five months’ time from now, at a simple interest rate of 12% per annum.
The present value of the sum is


A.
R952,38.


B.
R567,43.


C.
R1 050,00.


D.
R625,00.
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The correct answer is: R952,38.

Question 2
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Question text
John invests R8 350 in an account that pays simple interest. After six years, the amount that he
receives back is R12 859. The simple interest rate on the investment, rounded to two decimal places,
is


A.
0,75% per year.


B.
45,09% per year.