Financial Math Answers

Suppose the production cost is R 18 925, Labour cost is and equipment renting fee is R250, determine the number of devices produced

An interest rate of 14.92% per year compounded every three months is equivalent to a weekly compounded interest rate of

1.15.96%

2. 14.5%

3. 14.88%

4. 19.02%

Kagiso wants to buy a new gaming computer for 40,000 he decided to save by depositing an amount of 400 quarterly into an amount earning 16% interest per year compounded quarterly the approximate number of what is it will take the visa to have 40,000 available is

1. 28 quarters

2. 41 quarters

3. 40 quarters

4. 12 quarters

An amount of money accumulates to 45946 at a continuous compounding rate of 8% per year after 57 months the original amount is

1.31460.34

2.33294.20

3.28486.52

4. 31420.70

An amount of money accumulates to 45946 at a continuous compounding rate of 8% per year after 57 months the original amount is

1.28 quarters

2. 41 quarters

3. 40 quarters

4.12 quarters

Lindiwe decides that she would like to buy her daughter mbali a car when she turns 21years in 6 year's time. she deposit 6000 each month into an account earnings 8.94% interest per year compounded monthly.The amount that lindiwe (rounded to the nearest rand) will have available 6 years from now is

1. 432000

2.335.896

3. 573187

4. 568948

Andile deposits R900 into a savings account paying 6.5% interest per year, compounded quarterly.After three and a half years he withdraws R1000 from the account and deposit it into a second account paying 11% simple interest per year.

1.How much is the total amount accrued in the first account two years after withdrawing R1000 the correct answer rounded to the nearest Rand is?

*R145

*R1105

*R605

*R128

2. The number of years after Andile deposited the 1000 ino the second account,accrued amount in the second account is 1605.The time (correct to two decimal places) the money was is invested for, is

*4.36 years

*5.50 years

*9.31 years

*4.53 Years

An effective rate of 29.61% corresponds to a nominal rate, compounded weekly,of?

*34.35%

*29.53%

*26%

*29.61%

A number of years after Andile deposited the R1000 into the second account, the accrued amount in the second account is 1605.What is the time the money was invested for in years?

Andile deposits R900 into a savings account paying 6,5% interest per year, compounded quarterly. After three and a half years he withdraws R1000 from the account and deposits it into a second account paying 11% simple interest per year. How much is the total amount accrued in the first account two years after withdrawing the R1000?