DSC1630 Introductory Financial Mathematics (DSC1630)
University of South Africa
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Examen
DSC1630-assignment-1-first-semester
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--9marzo 20242023/2024A+Disponible en un paquete
- 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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morrisacademiamorrisa
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Examen
DSC 1630-ass-3-assignment-questions-with-asnwers
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-16marzo 20242023/2024A+Disponible en un paquete
- DSC 1630-ass-3-assignment-questions-with-asnwers
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$3.00 Más información
morrisacademiamorrisa
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Examen
DSC_1630 Assignment With Answers
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---9julio 20232022/2023A+
- DSC_1630 Assignment With Answers 
1. 2 
2. 1 The time line of the problem is 
Now the money that Michael still needs is the difference between the cost of the lens and his savings, 
which is 
R10 500,00 − R10 035,00 = R465,00. 
3. 4 
Now as all the answers are given as days we need to change the 0,71138 years to days. Now there 
are 365 days in a year and thus 
4. 1 The situation can be represented by a time line as: 
5. 3 The time line is:
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D0ctorMackenzie