DSC1630-assignment-1-first-semester

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DSC1630 Assignment 1 Possible Solutions
Semester 1, 2022


Question 1

Patrick borrows money from Zanele at a simple discount rate of 9,75% per annum. He must pay
money that he receives from Zanele now is




Question 2

On 29 March 2022, Justin deposited R3 500 into a savings account. The simple interest rate agreed
upon was 7,5% per year. The accumulated amount in the savings account on 10 October 2022 is

Note: ignore the leap year unless it is specified that it is a leap year




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Question 3

An investment of R20 000 accumulated to R45 000. If the applicable simple interest rate is 12%
per year, then the time under consideration is




Question 4

The simple interest rate which equals to a discount rate of 12% per year for a period of 18 months
is




Convert the decimal to a percentage by multiplying by 100




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