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DSC1630 Assignment 01 2021 AS PER UPDATED TUTORIAL LETTER
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  • Course
  • DSC1630 - Introductory Financial Mathematics (DSC1630)
  • Institution
  • University Of South Africa (Unisa)

DSC1630 Assignment 01 2021 AS PER UPDATED TUTORIAL LETTER - Questions and answers with workings.

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  • February 12, 2021
  • 10
  • 2020/2021
  • Other
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  • dsc
  • dsc1630
  • dsc1630 2021
  • dsc1630 assignment 01
  • dsc1630 assignment 1

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  • University of South Africa (Unisa)
  • DSC1630 - Introductory Financial Mathematics (DSC1630)
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DSC1630

Introductory Financial Mathematics

Department of Decision Sciences

Assignment 01 for 2021 AS PER UPDATED TUTORIAL
LETTER

Unique assignment number: 369373
Due Date: 24 May 2021




Preview of Question 1

Siphesihle borrows money from the bank at a discount rate of 16,5% per year. He must pay
the bank R30 000 in eight months from now. The amount of money he receives from the
bank now is

[1] R33 707,87.
[2] R26 700,00.
[3] R27 027,03.
[4] R33 463,26.
[5] R33 300,00.

Answer:
𝑆 = 𝑅30 000
8
𝑡=
12

, 𝑑 = 0,165
8
𝑃 = 30 000 (1 − 0,165 × )
12
𝑃 = 𝑅26 700

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