DSC1630 Introductory Financial Mathematics (DSC1630)
University of South Africa
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DSC1630 Assignment 4 Semester 1 2023
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DSC1630-assignment-1-first-semester
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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
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.
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DSC_1630 Assignment With Answers
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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:
DSC1630 Assignment 4 Semester 1 2023
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DSC 1630-ass-3-assignment-questions-with-asnwers
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DSC 1630-ass-3-assignment-questions-with-asnwers
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DSC1630 - Introductory Financial Mathematics_assignment_1_semester_1_en_2_2021.
- Exam (elaborations) • 9 pages • 2022
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DSC1630 - Introductory Financial Mathematics_assignment_1_semester_1_en_2_2021. 
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. 
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3. 4 
Now as all the answers are given as d...
DSC1630 Assignment 4 Semester 2 2022 
DSC1630 Assignment 4 Semester 2 2022
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