2023
DSC1630-INTRODUCTORY
FINANCIAL MATHEMATICS
SEMESTER 1
ASSIGNMENT 01 SOLUTIONS
UNIQUE NUMBER: 769149
Structural Engineer
M.Sc.,B.Sc. Hons. Civil Engineering
Moscow Russia
WhatsApp 065 934 4052
, ALL QUESTIONS ARE COVERED BUT RANDOMIZED
QUESTION 1
A sum of R1 000 is due in five months' time from now, at a simple interest
rate of 12% per annum. The present value of the sum is
A. R952,38.
B. R567,43.
C. R1 050,00.
D. R625,00.
QUESTION 2
Alton invests R8 350 in an account that pays simple interest. After six years, the
amount that he receives back is R12 859. The simple interest rate on the
investment, rounded to two decimal places, is
A. 0,75% per year
B. 45,09% per year
C. 1,08% per year.
D. 9,00% per year.
QUESTION 3
An amount of R4 317,26 was borrowed on 5 May at a simple interest rate of
15% per year. The loan will be worth R4 500 on
A. 16 August.
B. 12 August.
C. 21 August.
D. 9 October.
Page 1
DSC1630-INTRODUCTORY
FINANCIAL MATHEMATICS
SEMESTER 1
ASSIGNMENT 01 SOLUTIONS
UNIQUE NUMBER: 769149
Structural Engineer
M.Sc.,B.Sc. Hons. Civil Engineering
Moscow Russia
WhatsApp 065 934 4052
, ALL QUESTIONS ARE COVERED BUT RANDOMIZED
QUESTION 1
A sum of R1 000 is due in five months' time from now, at a simple interest
rate of 12% per annum. The present value of the sum is
A. R952,38.
B. R567,43.
C. R1 050,00.
D. R625,00.
QUESTION 2
Alton invests R8 350 in an account that pays simple interest. After six years, the
amount that he receives back is R12 859. The simple interest rate on the
investment, rounded to two decimal places, is
A. 0,75% per year
B. 45,09% per year
C. 1,08% per year.
D. 9,00% per year.
QUESTION 3
An amount of R4 317,26 was borrowed on 5 May at a simple interest rate of
15% per year. The loan will be worth R4 500 on
A. 16 August.
B. 12 August.
C. 21 August.
D. 9 October.
Page 1
