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 yea...
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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