DSC1630 Assignment 2 (100% COMPLETE ANSWERS) Semester 2 2025

DSC1630
ASSIGNMENT 2 SEMESTER 2 2025

UNIQUE NO.
DUE DATE: SEPTEMBER 2025

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DSC1630/ASS02/2


2 Assignment 02 – Questions

Question 1
Determine the equivalent weekly compounded interest rate (to two decimal places) of an interest rate of
14,90% per year, compounded quarterly. [4]


Question 2
Quarterly deposits of R400 each are made into a bank account earning interest at 16% per year compounded
quarterly. Determine the time in quarters (rounded to the nearest quarter) that it will take for the account
to accumulate to R40 000.
Draw an appropriate timeline showing all the given values. [5]


Question 3
Your investment of R35 000 accumulates to R48 320 over a period of four years.Calculate the continuous
compounding rate per year (to one decimal place) that you have earned. [5]


Question 4
Thabo deposits R6 000 at the beginning of each month into an account earning 8,94% interest per year,
compounded monthly. Calculate the amount (rounded to the nearest rand) that Thabo will have available
six years from now.
Draw an appropriate timeline showing all the given values. [6]


Question 5
A loan will be paid back by means of payments of R25 000 each every second month for six years.
An interest
rate of 7,5% per year, compounded every two months, will be applicable.Determine the present value of the
loan.
Draw an appropriate timeline showing all the given values. [5]



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