DSC1630 May/Jun 2017 exam paper — questions

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99.89999999999996 of 100 marks extracted so far — the rest is still being read.

  1. Question 1 · Simple interest and simple discount

    Mary needs R300,00 immediately. Rachel agrees to lend her this amount on condition that Mary repays her R315,00 five months later. Determine the simple interest rate that Rachel earns on this loan transaction.Show the full question

  2. Question 2 · Compound interest and effective rates

    Samat deposits R7 300 into an account that earns interest at 9,7% per year, compounded every second month. Work out the accumulated amount he will have after 52 months.Show the full question

  3. Question 3 · Annuities, perpetuities and sinking funds

    An account receives payments of R5 000 at the end of every quarter, earning interest of 9,5% per year compounded quarterly. Determine the accumulated amount in the account after ten years.Show the full question

  4. Question 4 · Simple interest and simple discount

    Paulina takes out a loan from a bank at a discount rate of 9,98%. She is required to repay the bank R35 000 in 30 months' time. Calculate how much money she actually receives from the bank now.Show the full question

  5. Question 5 · Compound interest and effective rates

    Jack Parrow earns a nominal interest rate of 10,5% per annum on a savings account, compounded at the end of every month. Calculate the effective interest rate he actually earns.Show the full question

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