DSC1630 Assignment 1 Full Solutions Semester 2 2024 (234521) - DUE 8 August 2024

DSC1630 Assignment 1 (COMPLETE QUESTIONS & ANSWERS) Semester 2 2024 (234521) - DUE 8 August 2024 ;100 % TRUSTED workings, Expert Solved, Explanations and Solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)........... Question 1 Not yet answered Marked out of 1.00 QUIZ You have invested R1 500 in an account earning 6,57% simple interest. The balance in the account 16 months later is a. R1 636,94. b. R2 814,00. c. R1 631,40. d. R1 644,02. Clear my choice DSC1630-24-S2  Welcome Message  Assessment 1 Question 2 Not yet answered Marked out of 1.00 QUIZ If money is worth 12% per annum compounded monthly, how long will it take the principal P tobecome four times the original value? a. 11,61 years b. 7,27 years c. 69,66 years d. 139,32 years Clear my choice DSC1630-24-S2  Welcome Message  Assessment 1 Question 3 Not yet answered Marked out of 1.00 QUIZ An effective rate of 29,61% corresponds to a nominal rate, compounded weekly, of a. 26,00%. b. 34,35%. c. 29,61%. d. 29,53%. Clear my choice DSC1630-24-S2  Welcome Message  Assessment 1 Question 4 Not yet answered Marked out of 1.00 QUIZ Peo needs R30 835,42 to buy a second hand trailer. Approximately how long will it take him to save towards this amount if he deposits R25 000now into a savings account earning 10,5% interest per year compounded weekly? a. 24 weeks b. 52 weeks c. 104 weeks d. 2 weeks Clear my choice DSC1630-24-S2  Welcome Message  Assessment 1 Question 5 Not yet answered Marked out of 1.00 QUIZ Enele invests an amount of money in an account earning 13,88% interest per year, compounded weekly. After fi ve years, this amount hasaccumulated to R50 000. The amount that was invested initially is a. R25 001,79. b. R29 515,94. c. R15 300,00. d. R34 700,00. Clear my choice DSC1630-24-S2  Welcome Message  Assessment 1 Question 6 Not yet answered Marked out of 1.00 QUIZ Pretty has an individual retirement plan. Her money is invested in a money market fund that pays interest on a daily basis. Over a two yearperiod in which no deposits or withdrawals were made, the balance of her account grew from R4 500 to R5 268,24. The effective interest rateover this period is a. 6,1%. b. 5,8%. c. 8,2%. d. 9,0%. Clear my choice DSC1630-24-S2  Welcome Message  Assessment 1 Question 7 Not yet answered Marked out of 1.00 QUIZ Achmed won R120 000 in a competition and immediately deposited the money into a savings account earning 8,5% interest per annumcompounded monthly. Five months after winning, he withdrew a certain amount for his son’s education. The balance in his account one yearafter winning the money was R99 087,42. The amount he withdrew for his son’s education was a. R25 223,22. b. R30 000,00. c. R33 000,00. d. R20 912,58. Clear my choice DSC1630-24-S2  Welcome Message  Assessment 1 Question 8 Not yet answered Marked out of 1.00 QUIZ On 16 April Bheka deposited an amount of money in a savings account that earns 8,5% simple interest. He intends to withdraw the balance ofR2 599 on 8 December of the same year to buy his little sister a DVD player for Christmas. The amount of money that Bheka deposited is a. R2 460,03. b. R2 461,82. c. R2 465,46. d. R2 463,60. Clear my choice DSC1630-24-S2  Welcome Message  Assessment 1 Question 9 Not yet answered Marked out of 1.00 QUIZ If a simple interest rate of 21% is equivalent to a discount rate of 19%, then the length of time under consideration is a. 0,501 years. b. 0,904 years. c. 1,105 years. d. 0,453 years. Clear my choice DSC1630-24-S2  Welcome Message  Assessment 1 Question 10 Not yet answered Marked out of 1.00 QUIZ Dembe received an amount of R2 340 from the bank at a discount rate of 12% per annum at the beginning of September. The future value of theloan at the beginning of July the following year is a. R2 574,00. b. R2 127,27. c. R2 106,00. d. R2 600,00. Clear my choice DSC1630-24-S2  Welcome Message  Assessment 1 Question 11 Not yet answered Marked out of 1.00 QUIZ Thendo has to pay Rendi R27 000 twenty-fi ve months from now. He decides to pay her back earlier. If a simple interest rate of 9,4% per year isapplicable, then the amount that Rendi will receive from Thendo 12 months from now is a. R22 578,40. b. R24 504,61. c. R24 700,77. d. R24 877,68. Clear my choice DSC1630-24-S2  Welcome Message  Assessment 1 Question 12 Not yet answered Marked out of 1.00 QUIZ If Mulalo earns a nominal interest rate of 16,5% per annum, compounded at the end of every second month, on a savings account, then theeffective interest rate is a. 16,18%. b. 18,00%. c. 14,53%. d. 17,68%. Clear my choice DSC1630-24-S2  Welcome Message  Assessment 1 Question 13 Not yet answered Marked out of 1.00 QUIZ Lindiwe needs R5 000 urgently. She went to the bank and borrowed the money at an interest rate of 28% per annum compounded monthly. Theamount of money that Lindiwe will have to pay the bank back in fi fteen months’ time is a. R6 750,00. b. R6 807,42. c. R5 145,83. d. R7 066,87. Clear my choice DSC1630-24-S2  Welcome Message  Assessment 1 Question 14 Not yet answered Marked out of 1.00 QUIZ Shaun has been given the option of either paying his R2 500 loan now or settling it for R2 730 after four months. If he chooses to pay after fourmonths, the simple interest rate at which he would be charged, is a. 0,28%. b. 2,30%. c. 25,27%. d. 27,60%. Clear my choice DSC1630-24-S2  Welcome Message  Assessment 1 Question 15 Not yet answered Marked out of 1.00 QUIZ A bank’s discount rate is 12%. You need to pay the bank R5 000 in six months’ time. The amount of money that you will receive now from thebank is a. R5 319,15. b. R4 724,56. c. R4 700,00. d. R5 300,00.