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DSC1630 EXAM PACK QUESTIONS ONLY

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The amount of money you have to invest at a simple interest rate of 15% per annum, to earn R5 250 interest after three years, is [1] R3 620,69. [2] R10 000,00. [3] R5 249,48. [4] R122 500,00. [5... ] R11 666,67. Question 2 A bank’s simple discount rate is 12% per annum. Yo need to pay the bank R5 000 in six months’ time. The amount of money that you will receive from the bank now is [1] R4 700,00. [2] R4 716,98. [3] R4 724,56. [4] R5 300,00. [5] R5 319,15. Question 3 Jacob invests R8 350 in an account that pays simple interest. After six years,the amount that he receives (accumulated sum) is R12 859. The simple interest rate on the investment, rounded to two decimal places, is [1] 0,75% per year. [2] 45,09% per year. [3] 1,08% per year. [4] 9,00% per year. [5] none of the above. Question 4 The accumulated amount that Mabe will receive after 38 months if she deposits R13 300 into an accwhere money is worth 11,35% per year compounded every two months is [1] R14 117,08. [2] R15 690,19. [3] R18 080,24. [4] R18 865,83. [5] R18 988,31. Page 2 of 13 Downloaded by: tebzamabalane | phamphi@webmail.co.za Distribution of this document is illegal Stuvia.com - The study-notes marketplace CONFIDENTIAL Page 3 of 13 DSC1630 May/June 2020 Question 5 Sakkie borrowed an amount of money from Lulu. The loan willbe paid back by means of payments of R25 000 every second month for six years. An interest rate of 7,75% per year compounded every second month will be applicable. The present value of the loan is [1] R238 067,35. [2] R400 738,72. [3] R716 113,21. [4] R900 000,00. [5] R1 136 6 [Show More]

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