MAE203P
EXAM PACK
, MAE203P
Sept/Oct/Nov 2021
UNIVERSITY EXAMINATIONS
Sept/Oct/Nov 2021
MAE203P
Basic Financial Mathematics In Intermediate And Senior Phase
100 Marks
Duration 3 Hours and 30 minutes
EXAMINATION INSTRUCTIONS:
1. This examination question paper consists of 8 pages, including the cover page and the
Honesty Declaration on page 8.
2. Read the questions carefully.
3. This question paper consists of three questions. Answer all the questions.
4. Number your answers exactly as the questions are numbered.
5. Please, start each question on a new page.
6. You may use a calculator.
7. Round off your answers to two decimal digits where necessary.
8. You must show all the working details.
9. It is in your own interest to write legibly and to present your work neatly.
10. Please note that the diagrams are NOT necessarily drawn to scale.
11. Remember to complete, sign and attach the Honesty Declaration to your answer script.
Handwritten Honesty Declaration is also acceptable
12. Additional student instructions
1. Students must upload their answer scripts in a single PDF file (answer scripts must not be
password protected or uploaded as “read-only” files)
2. NO emailed scripts will be accepted.
3. Students are advised to preview submissions (answer scripts) to ensure legibility and
upload the correct answer script file.
4. Students are permitted to resubmit their answer scripts should their initial submission be
unsatisfactory.
5. Incorrect file format and uncollated answer scripts will not be considered.
6. Incorrect answer scripts and/or submissions made on unofficial examination platforms
(including the invigilator cell phone application) will not be marked. No opportunity will be
granted for resubmission.
7. Mark awarded for incomplete submission will be the student’s final mark. No opportunity
for resubmission will be granted.
8. Mark awarded for illegible scanned submission will be the student’s final mark. No
opportunity for resubmission will be granted.
9. Submissions will only be accepted from registered student accounts.
10. Students suspected of dishonest conduct during the examinations will be subjected to
disciplinary processes. UNISA has a zero-tolerance for plagiarism and/or any other forms
of academic dishonesty.
1
[TURN OVER]
, MAE203P
Sept/Oct/Nov 2021
11. Students are provided one hour to submit their answer scripts after the official examination
time. Submissions made after the official examination time will be rejected by the
examination regulations and will not be marked.
12. Students experiencing network or load shedding challenges are advised to apply together
with supporting evidence for an Aegrotat within 3 days of the examination session.
13. Students experiencing technical challenges, contact the SCSC 080 000 1870 or email
or refer to Get-Help for the list of additional contact numbers.
Communication received from your myLife account will be considered.
13. To upload your Take-Home examination,
1. Go to myExams https://myexams.unisa.ac.za/portal and login with your myUnisa
credentials, i.e. student number and password.
2. Click on the “MAE203P” site.
3. Click on the eAssessment tool in the left navigation menu.
4. Once the eAssessment page has loaded, select the assessment you want to upload the
examination answer file by clicking on the link under the heading Assignment Title.
5. A new page will open. Scroll down to Submission.
6. Make sure all your pages are converted into a single PDF document for uploading.
7. Under Attachments, click the Choose File button to browse for a file on your device.
8. Once you have attached your answer file, the name of the file and the file size and upload
time stamp will be displayed under Attachments.
9. Remember to click the Honor Pledge before submission if it appears on the screen. You will
not be able to submit the assessment if the checkbox is not ticked.
10. When ready and satisfied with the correct answer file, click the Submit button to
complete your assessment submission.
11. Once you have submitted, you will receive a confirmation message on the screen.
Make a screen copy for your records. This is your proof that your take-home answer file
was submitted. It is advisable to print this page or make a screen capture for record
purposes. A copy of this page will also be emailed to your myLife email account.
NB: Only PDF files are permitted in jRouter. During submission, students will be
restricted to this format. Files should not be larger than 20MB.
2
[TURN OVER]
, MAE203P
Sept/Oct/Nov 2021
Question 1
1.1 Indicate whether the statements below are TRUE or FALSE. For each false
statement, explain why it is false, and for each true statement, explain why it
is true.
1.1.1 Investment involves buying shares on the stock market for making quick
profits.
1.1.2 The current inflation rate in South Africa is 15%.
(1+𝑖𝑛)
1.1.3 From the formula 𝐴 = 𝑃(1 + 𝑖𝑛), we deduce that 𝑃 = .
𝐴
1.1.4 A transaction in which someone pays for an article with another article can
be regarded as foreign exchange.
1.1.5 A car that is purchased for R250 000 and depreciates at a rate of 10% per
annum will be worth R150 000 after four years if the depreciation is
calculated using the straight line method.
1.1.6 The owners of a guesthouse need to raise some cash fast to pay the debt
accrued by the guesthouse. The guesthouse can be said to have embarked
in on cash flow.
(12)
1.2 You are a grade 9 teacher, and you are planning to introduce your learners
to Compound Interest. Design a suitable activity that you will perform for
your learners before you would let them use the formula 𝐴 = 𝑃(1 + 𝑖)𝑛 . Your
activity should help learners understand how Compound Interest works
before you demonstrate the calculations by using the formula. And also,
provide solutions for the activity you have designed.
(12)
1.3 With the activity you designed in question 1.2 above, explain what makes
compound interest different from the simple interest to your learners.
Provide practical examples in your explanation.
(8)
1.4 Thabo wants to save enough money to travel home for the holidays. The table
below shows the budget Thabo prepares for her weekly expenses. Analyse
the table for Thabo’s weekly expenses and then answer the questions that
follow.
3
[TURN OVER]
EXAM PACK
, MAE203P
Sept/Oct/Nov 2021
UNIVERSITY EXAMINATIONS
Sept/Oct/Nov 2021
MAE203P
Basic Financial Mathematics In Intermediate And Senior Phase
100 Marks
Duration 3 Hours and 30 minutes
EXAMINATION INSTRUCTIONS:
1. This examination question paper consists of 8 pages, including the cover page and the
Honesty Declaration on page 8.
2. Read the questions carefully.
3. This question paper consists of three questions. Answer all the questions.
4. Number your answers exactly as the questions are numbered.
5. Please, start each question on a new page.
6. You may use a calculator.
7. Round off your answers to two decimal digits where necessary.
8. You must show all the working details.
9. It is in your own interest to write legibly and to present your work neatly.
10. Please note that the diagrams are NOT necessarily drawn to scale.
11. Remember to complete, sign and attach the Honesty Declaration to your answer script.
Handwritten Honesty Declaration is also acceptable
12. Additional student instructions
1. Students must upload their answer scripts in a single PDF file (answer scripts must not be
password protected or uploaded as “read-only” files)
2. NO emailed scripts will be accepted.
3. Students are advised to preview submissions (answer scripts) to ensure legibility and
upload the correct answer script file.
4. Students are permitted to resubmit their answer scripts should their initial submission be
unsatisfactory.
5. Incorrect file format and uncollated answer scripts will not be considered.
6. Incorrect answer scripts and/or submissions made on unofficial examination platforms
(including the invigilator cell phone application) will not be marked. No opportunity will be
granted for resubmission.
7. Mark awarded for incomplete submission will be the student’s final mark. No opportunity
for resubmission will be granted.
8. Mark awarded for illegible scanned submission will be the student’s final mark. No
opportunity for resubmission will be granted.
9. Submissions will only be accepted from registered student accounts.
10. Students suspected of dishonest conduct during the examinations will be subjected to
disciplinary processes. UNISA has a zero-tolerance for plagiarism and/or any other forms
of academic dishonesty.
1
[TURN OVER]
, MAE203P
Sept/Oct/Nov 2021
11. Students are provided one hour to submit their answer scripts after the official examination
time. Submissions made after the official examination time will be rejected by the
examination regulations and will not be marked.
12. Students experiencing network or load shedding challenges are advised to apply together
with supporting evidence for an Aegrotat within 3 days of the examination session.
13. Students experiencing technical challenges, contact the SCSC 080 000 1870 or email
or refer to Get-Help for the list of additional contact numbers.
Communication received from your myLife account will be considered.
13. To upload your Take-Home examination,
1. Go to myExams https://myexams.unisa.ac.za/portal and login with your myUnisa
credentials, i.e. student number and password.
2. Click on the “MAE203P” site.
3. Click on the eAssessment tool in the left navigation menu.
4. Once the eAssessment page has loaded, select the assessment you want to upload the
examination answer file by clicking on the link under the heading Assignment Title.
5. A new page will open. Scroll down to Submission.
6. Make sure all your pages are converted into a single PDF document for uploading.
7. Under Attachments, click the Choose File button to browse for a file on your device.
8. Once you have attached your answer file, the name of the file and the file size and upload
time stamp will be displayed under Attachments.
9. Remember to click the Honor Pledge before submission if it appears on the screen. You will
not be able to submit the assessment if the checkbox is not ticked.
10. When ready and satisfied with the correct answer file, click the Submit button to
complete your assessment submission.
11. Once you have submitted, you will receive a confirmation message on the screen.
Make a screen copy for your records. This is your proof that your take-home answer file
was submitted. It is advisable to print this page or make a screen capture for record
purposes. A copy of this page will also be emailed to your myLife email account.
NB: Only PDF files are permitted in jRouter. During submission, students will be
restricted to this format. Files should not be larger than 20MB.
2
[TURN OVER]
, MAE203P
Sept/Oct/Nov 2021
Question 1
1.1 Indicate whether the statements below are TRUE or FALSE. For each false
statement, explain why it is false, and for each true statement, explain why it
is true.
1.1.1 Investment involves buying shares on the stock market for making quick
profits.
1.1.2 The current inflation rate in South Africa is 15%.
(1+𝑖𝑛)
1.1.3 From the formula 𝐴 = 𝑃(1 + 𝑖𝑛), we deduce that 𝑃 = .
𝐴
1.1.4 A transaction in which someone pays for an article with another article can
be regarded as foreign exchange.
1.1.5 A car that is purchased for R250 000 and depreciates at a rate of 10% per
annum will be worth R150 000 after four years if the depreciation is
calculated using the straight line method.
1.1.6 The owners of a guesthouse need to raise some cash fast to pay the debt
accrued by the guesthouse. The guesthouse can be said to have embarked
in on cash flow.
(12)
1.2 You are a grade 9 teacher, and you are planning to introduce your learners
to Compound Interest. Design a suitable activity that you will perform for
your learners before you would let them use the formula 𝐴 = 𝑃(1 + 𝑖)𝑛 . Your
activity should help learners understand how Compound Interest works
before you demonstrate the calculations by using the formula. And also,
provide solutions for the activity you have designed.
(12)
1.3 With the activity you designed in question 1.2 above, explain what makes
compound interest different from the simple interest to your learners.
Provide practical examples in your explanation.
(8)
1.4 Thabo wants to save enough money to travel home for the holidays. The table
below shows the budget Thabo prepares for her weekly expenses. Analyse
the table for Thabo’s weekly expenses and then answer the questions that
follow.
3
[TURN OVER]
