Assignment # 1
MTH302 (Spring 2010)
Question 1:
Solution:
Basic Salary = 2,000
House Rent = 900
Utility Allowance= 200
Gross Salary =2000+900+200 = 3100
| BENEFITS | $ | Percent of Basic/Gross Salary |
| House Rent | 900 | 900 x 2000 x 100 = 45% |
| Utilities Allowance | 200 | 200/2000*100 = 10% |
| Medical/Group insurance | 155 | 155/3100*100 = 5% |
| Miscellaneous Social Charges | 186 | 186/3100*100 = 6% |
Question 2:
Solution:Formula:
Change = Final value – initial value
Percentage change = (Change / initial value) x 100%
Change = 70- 76 Change = -6
Percentage change = (-6/ 76) x 100
Percentage change = -7.8947%
Question 3:
.Solution:P = Principal= 800
r = Rate of interest= 8% = 0.08
n = Number of periods = 3*2= 6 years (Semi annually)
Formula:
Compound interest = S – P
S = P (1 + r/2) ^ n*2
S = P (1 + r/2) ^ n*2
S = 800 (1 + 0.08/2) ^ 3*2
S = 800 (1 + 0.04) ^ 6S = 800 (1.04) ^ 6
S = 1012.255
Compound interest = 1012.255 - 800
Compound interest = 212.255 Ans.
Question 4:
Solution:
Cash flow per period = 500
i = interest rate = 8% = 0.08
n = number of payments = 3
Formula:Accumulated value of n period = payment per period × accumulation factor for n Periods
Accumulated value of n period = C* [(1+i) ^n – 1]/i
= 500* [(1+0.08) ^3 – 1]/0.08
= 500* [(1.08) ^3 – 1]/0.08
= 500* [1.259712 – 1]/0.08
= 500* [0.259712]/0.08
= 500* 3.2464
=1623.2
Accumulated value of n period = 500 × 3.2464
Accumulated value of n period = 1623.2 Ans.
NOTE: - These Assignments OR Quiz are just for idea, so kindly don't copy it, after viewing it make your own. Thanks We always try our best to upload 100% correct solution BUT it is requested that you kindly review it before submission, please BEST OF LUCK, Thanks to those students those send me Assignments and quizzes. If you have any Assignment and quiz kindly send at jamilbookcenter@yahoo.com
No comments:
Post a Comment