Exam (elaborations)
DSC1630 ASSIGNMENT 3 SEMESTER 1 2024
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This document contains DSC1630 Assignment 3 Semester 1 questions and trusted answers. By utilising this document you will obtain distinction.
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By: maringanyeleti001 • 7 months ago
By: monicaphangisa • 7 months ago
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UNISA 2024 DSC1630-24-S1 Welcome Message Assessment 3QUIZ
Started on Monday, 25 March 2024, 9:49 PM
State Finished
Completed on Monday, 25 March 2024, 10:27 PM
Time taken 37 mins 32 secs
Marks 15.00/15.00
Grade 100.00 out of 100.00
Question 1
Complete
Mark 1.00 out of 1.00
An amount of R600 is invested every month for eight years. The applicable interest rate is 14,65% per year compounded quarterly. The
accumulated amount of these monthly payments equals approximately
a. R57 600.
b. R107 500.
c. R108 400.
d. R109 300.
Question 2
Complete
Mark 1.00 out of 1.00
At the beginning of each month an amount of X rand is deposited into a savings account earning k × 100% interest per year, compounded
monthly. The future value of these savings after 24 deposits can be denoted by
a. ¬k .
S = Xs24
b. k
24
S = X(1 + ) .
12
c. ¬k .
S = (1 + k)Xs24
d. k
S = (1 + ¬k/12 .
)Xs24
12
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