DSC1630 Introductory Financial Mathematics (DSC1630)

Question 1 Patrick borrows money from Zanele at a simple discount rate of 9,75% per annum. He must pay money that he receives from Zanele now is Question 2 On 29 March 2022, Justin deposited R3 500 into a savings account. The simple interest rate agreed upon was 7,5% per year. The accumulated amount in the savings account on 10 October 2022 is Note: ignore the leap year unless it is specified that it is a leap year

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DSC_1630 Assignment With Answers 1. 2 2. 1 The time line of the problem is Now the money that Michael still needs is the difference between the cost of the lens and his savings, which is R10 500,00 − R10 035,00 = R465,00. 3. 4 Now as all the answers are given as days we need to change the 0,71138 years to days. Now there are 365 days in a year and thus 4. 1 The situation can be represented by a time line as: 5. 3 The time line is:

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DSC1630 Assignment 3 Semester 1 2023 () 100% TRUSTED workings with detailed Answers for A+ Grade.

DSC1630 ASSIGNMENT 3 SEMESTER 1 2023 100% TRUSTED workings with detailed Answers for A+ Grade.

DSC1630 Assignment 4 Semester 1 2023 () 100% TRUSTED workings with detailed Answers for A+ Grade.

DSC1630 ASSIGNMENT 4 SEMESTER 1 2023 100% TRUSTED workings with detailed Answers for A+ Grade.