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DSC1630 ASSIGNMENT 2 SEMESTER 1 2024
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This document contains DSC1630 Assignment 2 semester 1 Questions and trusted answers.
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By: boipelomosoa • 7 months ago
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DSC1630-24-S1 Welcome Message Assessment 2QUIZ
Started on Thursday, 15 February 2024, 7:34 PM
State Finished
Completed on Thursday, 15 February 2024, 9:01 PM
Time taken 1 hour 27 mins
Marks 12.00/15.00
Grade 80.00 out of 100.00
Question 1
Complete
Mark 0.00 out of 1.00
An interest rate of 17,5% per year compounded quarterly is equivalent to a continuous compounding rate of
a. 17,128%.
b. 17,185%.
c. 17,500%.
d. 17,888%.
Question 2
Complete
Mark 1.00 out of 1.00
An amount borrowed at 29% interest per year compounded continuously has accumulated to R38 279,20 after four years. The initial amount
borrowed was
a. R7 160,73.
b. R12 000,00.
c. R12 005,53.
d. R13 823,05.
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