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DSC1630 Assignment 01 Semester 01 2021 Unique assignment number: 369373 Questions and answers

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DSC1630 Assignment 01 Semester 01 2021 Questions and answers with workings. Unique assignment number: Due Date: 1 March 2021

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DSC1630 - Introductory Financial Mathematics (DSC1630)









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DSC1630 - Introductory Financial Mathematics (DSC1630)
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  • dsc1630 assignment 01 semester 01 2021 questions and answers
  • dsc1630 assignment 1 semester 1 2021 questions and answers
  • dsc1630 assignment 1 semester 1

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DSC1630

Introductory Financial Mathematics

Department of Decision Sciences

Assignment 01 for Semester 01 (compulsory)

Unique assignment number: 369373
Due Date: 1 March 2021




Preview of Question 1

Siphesihle borrows money from the bank at a discount rate of 16,5% per year. He must pay
the bank R30 000 in eight months from now. The amount of money he receives from the
bank now is

[1] R33 707,87.
[2] R26 700,00.
[3] R27 027,03.
[4] R33 463,26.
[5] R33 300,00.

Answer:
𝑆 = 𝑅30 000
8
𝑡=
12
𝑑 = 0,165

, 8
𝑃 = 30 000 (1 − 0,165 × )
12
𝑃 = 𝑅26 700
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