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1. On 15 November in each of the years 1964 to 1979 inclusive an investor deposited £500 in a special bank savings account. On 15 November 1983 the investor withdrew his savings. Given that over the entire period the bank used an annual interest rate of 7% for its special savings accounts, find the sum withdrawn by the investor.
Patric borrows money from Zanele at a simple discount rate of 9,75% per annum. He must pay him R35 000 in 27 months' time. The amount of money that he receives from Zanele now is
To save money for a new house, you want to begin contributing money to a savings account. Your plan is to make equal contributions to the account for eight years. Each contribution will be R18490,00. The contributions will come at the end of every three month period, starting three months from now. The savings account pays 9% interest per annum, compounded quarterly. How much money do you expect to have in the account at the end of the eight years?
miller biker supply is one of manila as large as bakery needs supplier my life usually sell on credit and on the usual term intake 60 day for a customer received to be collected through in a demand nature of minor product it only takes miller 25 days to sell it supplies after being purchased from the supplier .On the other hand miller make use of a 30 days period before it pays its obligation to its supplier
A.compute the operating cycle
B.compute the cash conversion cycle
Tshepo wants to buy a big screen tv. She has five interest rates to choose from if she borrows money from the bank. The cheapest option for her is
1) 29% per year, compounded daily
2) 30% per year, compounded semi-annually
3) 28.5% per year, compounded weekly or
4) 29.5% per year, compounded every two months
John deposits $450 at the end of every 3 months in a savings account. The account has a 5% interest compounded quarterly. How much will he have in his account at the end of 7 years and 3 months?
- ) The following table shows the number of units produced each month and the total incurred.
MONTH UNITS COST
JUNE 200 50,000
JULY 500 75,000
AUGUST 300 55,000
SEPTEMBER 800 95,000
OCTOBER 700 80,000
NOVERMBER 600 80,000
DECEMBER 400 60,000
Required
I. Estimate the variable cost per unit and the fixed cost per month use high low method. (6mks)
ii. Calculate the regression line Y= a+bx (6mks)
(b) Explain four purpose of transfer pricing (8mks)
Sea-Salt Restaurant borrows R100000
for five years from a bank to upgrade its premises. The bank charges interest at 12%
per annum compounded monthly over five years. What is the equal monthly repayments of Sea-Salt Restaurant to the bank?
Puleng receives R1500,00 from a bank now, that charges 10.5% simple discount per annum. She has to pay back an amount of R1893.75 in a few months time. The number of months after which Puleng pays back the loan, rounded to one decimal place is
(1) 2.5
(2) 23.8
(3) 2.0
(4) 30.0
{F} A company A lended some day 19006 € to the company B. The interest rate was agreed to be 10 % annually. Later on, the company B paid back to the company A 19483 €. How long was the loan period in calendar days?
