DSC1630 Introductory Financial Mathematics (DSC1630)

DSC1630 EXAM PACK 2023

DSC1630 EXAM PACK 2023

Shona decides that he would like to buy his lovely wife, Connie, a new car when she turns 30 in six years’ time. He deposits R6 000 each month into an account earning 8,94% interest per year, compounded monthly. The amount that Shona (rounded to the nearest rand) will have available six years from now is [1] R568 948. [2] R573 187. [3] R333 412. [4] R335 896. [5] R432 000. In this problem we have equal payments in equal time periods (monthly), plus the interest rate is specified as compou...

DSC1630 Assignment 2 Semester 1 2023 DSC1630 Assignment 2 Semester 1 2023 DSC1630 Assignment 2 Semester 1 2023

questions and answers

revised

Recent exam questions and answers and summarized notes for exam preparation.

1. On his ninth birthday on 21 February Shelly received R420. His parents immediately invested the money in an account that earns 7,5% simple interest. The amount of money that can be withdrawn on 5 June for the same year equals [1] R411,21. [2] R428,89. [3] R428,98. [4] R429,07. [5] none of the above. 2. An interest rate of 16,4% compounded quarterly is equivalent to a weekly compounded interest of [1] 16,073%. [2] 16,098%. [3] 16,714%. [4] 16,741%. [5] none of the ab...

DSC1630 Introductory Financial Mathematics Department of Decision Sciences Assignment 01 for Semester 01 2022 Unique assignment number: Due Date: 1 March 2022 Question 1 Patric borrows money from Zanele at a simple discount rate of 9,75% per annum. He must pay him R35 000 in 27 months’ time. The amount of money that he receives from Zanele now is [1] R27 321,88. [2] R44 835,87. [3] R28 389,51. [4] R42 678,13. Answer:

DSC1630 EXAM PACK 2023