Peter borrows r500 Study guides, Study notes & Summaries

DSC1630 EXAM PACK 2022. Introductory Financial Mathematics. The amount of money you have to invest at a simple interest rate of 15% per annum, to earn R5 250 interest after three years, is [1] R3 620,69. [2] R10 000,00. [3] R5 249,48. [4] R122 500,00. [5] R11 666,67. Question 2 A bank’s simple discount rate is 12% per annum. You need to pay the bank R5 000 in six months’ time. The amount of money that you will receive from the bank now is [1] R4 700,00. [2] R4 716,98. [3] R4 72...

BNU1501 Exam May June 2019 Questions and Solutions with workings.

DSC1630 EXAM PACK 2022. DSC1630 - Introductory Financial Mathematics A bank’s simple discount rate is 12% per annum. You need to pay the bank R5 000 in six months’ time. The amount of money that you will receive from the bank now is [1] R4 700,00. [2] R4 716,98. [3] R4 724,56. [4] R5 300,00. [5] R5 319,15. Question 3 Jacob invests R8 350 in an account that pays simple interest. After six years,the amount that he receives (accumulated sum) is R12 859. The simple interest rate on the...

DSC1630- Introductory Financial Mathematics EXAM PACK 2022. Question 1 The amount of money you have to invest at a simple interest rate of 15% per annum, to earn R5 250 interest after three years, is [1] R3 620,69. [2] R10 000,00. [3] R5 249,48. [4] R122 500,00. [5] R11 666,67. Question 2 A bank’s simple discount rate is 12% per annum. Yo need to pay the bank R5 000 in six months’ time. The amount of money that you will receive from the bank now is [1] R4 700,00. [2] R4 716,98. ...

DSC1630- Introductory Financial Mathematics EXAM PACK 2022. CONFIDENTIAL Page 2 of 13 DSC1630 May/June 2020 Question 1 The amount of money you have to invest at a simple interest rate of 15% per annum, to earn R5 250 interest after three years, is [1] R3 620,69. [2] R10 000,00. [3] R5 249,48. [4] R122 500,00. [5] R11 666,67. Question 2 A bank’s simple discount rate is 12% per annum. Yo need to pay the bank R5 000 in six months’ time. The amount of money that you will receive fr...

DSC1630 EXAM PACK 2022. DSC1630 - Introductory Financial Mathematics A bank’s simple discount rate is 12% per annum. You need to pay the bank R5 000 in six months’ time. The amount of money that you will receive from the bank now is [1] R4 700,00. [2] R4 716,98. [3] R4 724,56. [4] R5 300,00. [5] R5 319,15. Question 3 Jacob invests R8 350 in an account that pays simple interest. After six years,the amount that he receives (accumulated sum) is R12 859. The simple interest rate on the...