2022
DSC1630-INTRODUCTORY
FINANCIAL MATHEMATICS
SEMESTER 2
ASSIGNMENT 02 SOLUTIONS
Structural Engineer
M.Sc.,B.Sc. Hons. Civil Engineering
Moscow Russia
WhatsApp 081 837 6138
,NOTE: ARRANGEMENT OF QUESTIONS MAY DIFFER BUT ALL ASSIGNMENT
QUESTIONS ARE COVERED HERE
QUESTION 1
The accumulated sum of R12 000 invested at a continuous rate of 16,5% per annum,
for a period of five years is
[1] R14 748,73.
[2] R36 049,99.
[3] R23 217,51.
[4] R27 382,57.
[5] none of the above.
, QUESTION 2
Mary deposits R400 every three months into a bank account earning interest at 16% per
year, compounded quarterly. The approximate time that it will take Mary to save R40
000 is
[1] 40 quarters.
[2] 12 quarters.
[3] 41 quarters.
[4] 28 quarters.
[5] 2 quarters.
DSC1630-INTRODUCTORY
FINANCIAL MATHEMATICS
SEMESTER 2
ASSIGNMENT 02 SOLUTIONS
Structural Engineer
M.Sc.,B.Sc. Hons. Civil Engineering
Moscow Russia
WhatsApp 081 837 6138
,NOTE: ARRANGEMENT OF QUESTIONS MAY DIFFER BUT ALL ASSIGNMENT
QUESTIONS ARE COVERED HERE
QUESTION 1
The accumulated sum of R12 000 invested at a continuous rate of 16,5% per annum,
for a period of five years is
[1] R14 748,73.
[2] R36 049,99.
[3] R23 217,51.
[4] R27 382,57.
[5] none of the above.
, QUESTION 2
Mary deposits R400 every three months into a bank account earning interest at 16% per
year, compounded quarterly. The approximate time that it will take Mary to save R40
000 is
[1] 40 quarters.
[2] 12 quarters.
[3] 41 quarters.
[4] 28 quarters.
[5] 2 quarters.
