DSC1630 May/Jun 2016 exam paper — questions

🔒 Scan locked

99.99999999999997 of 100 marks extracted so far — the rest is still being read.

  1. Question 1 · Simple interest and simple discount

    A loan of R30 000 is due eight months from now, and the applicable simple discount rate is 16,5% per year. Calculate the present value of the loan.Show the full question

  2. Question 2 · Simple interest and simple discount

    On 16 April, Mark deposited an amount of money into a savings account earning 8,5% simple interest per year. He plans to withdraw the balance of R2 599 on 8 December of the same year to buy his little sister a Christmas present. Determine the amount Mark originally deposited.Show the full question

  3. Question 3 · Compound interest and effective rates

    Frieda borrows R7 500 from the bank at an interest rate of 26,00% per year, compounded weekly. Work out the amount she will need to repay after 78 weeks.Show the full question

  4. Question 4 · Compound interest and effective rates

    An interest rate of 19,9% per year, compounded quarterly, is equivalent to which weekly compound rate?Show the full question

  5. Question 5 · Compound interest and effective rates

    Nkosi earns a nominal interest rate of 16,5% per annum on a savings account, compounded at the end of every second month. Determine the effective interest rate.Show the full question

The full Spot Map and the marks by year — and this paper’s scan.