DSC1630 ASSIGNMENT 2 SEMESTER 2 2022:
Contact Details:
MARK OBTAINED: 100%
1. Xander decides that he would like to buy his lovely wife Lesedi a new car when she turns 30
in six years' time. He deposits R6 000 at the beginning of each month into an account earning
8,94% interest per year, compounded monthly. The amount that Xander (rounded to the
nearest rand) will have available six years from now is?
2. Mary invested R40 000 in order to have R56 000 available in 30 months' time. The yearly
interest rate, compounded semi-annually, is?
3. If you invest R12 000 at a continuous rate of 16,5% per annum, for a period of five years, the
accumulated amount is?
This study source was downloaded by 100000838234991 from CourseHero.com on 09-22-2022 13:17:36 GMT -05:00
https://www.coursehero.com/file/162760690/DSC1650-ASSIGNMENT-2-SEMESTER-2-2022docx/
, 4. Thulile received R32 412,87 after investing an amount of money in an account earning
interest at a continuous compounding rate of 10,15% per year. The amount of money that
she invested 57 weeks earlier, is?
5. If R17 500 accumulates to R22 000 after 53 months, the continuous compounding interest
rate is?
This study source was downloaded by 100000838234991 from CourseHero.com on 09-22-2022 13:17:36 GMT -05:00
https://www.coursehero.com/file/162760690/DSC1650-ASSIGNMENT-2-SEMESTER-2-2022docx/
Contact Details:
MARK OBTAINED: 100%
1. Xander decides that he would like to buy his lovely wife Lesedi a new car when she turns 30
in six years' time. He deposits R6 000 at the beginning of each month into an account earning
8,94% interest per year, compounded monthly. The amount that Xander (rounded to the
nearest rand) will have available six years from now is?
2. Mary invested R40 000 in order to have R56 000 available in 30 months' time. The yearly
interest rate, compounded semi-annually, is?
3. If you invest R12 000 at a continuous rate of 16,5% per annum, for a period of five years, the
accumulated amount is?
This study source was downloaded by 100000838234991 from CourseHero.com on 09-22-2022 13:17:36 GMT -05:00
https://www.coursehero.com/file/162760690/DSC1650-ASSIGNMENT-2-SEMESTER-2-2022docx/
, 4. Thulile received R32 412,87 after investing an amount of money in an account earning
interest at a continuous compounding rate of 10,15% per year. The amount of money that
she invested 57 weeks earlier, is?
5. If R17 500 accumulates to R22 000 after 53 months, the continuous compounding interest
rate is?
This study source was downloaded by 100000838234991 from CourseHero.com on 09-22-2022 13:17:36 GMT -05:00
https://www.coursehero.com/file/162760690/DSC1650-ASSIGNMENT-2-SEMESTER-2-2022docx/
