Mth302 Assignment No. 1 solution VU
Thursday, April 07, 2011 Posted In Mth Edit ThisAssignment # 1
MTH302 (Spring 2011)
MTH302 (Spring 2011)
Total marks: 10
Lecture # 1 to 8
Due date: 15-04-2011
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Question 1:
If you want to get a loan with interest rate 7% per annum compounded monthly for a period of 17 years and pay Rs. 8,450 at the end of per month for this loan, then how much will you borrow?
Question 2:
If the basic salary of an employee is Rs. 30000 and allowances are Rs. 18,000.
What is the taxable income of the employee?
Answer:
Answer
%Allownces 18000/30000 *100
60%
Not taxable income 50% 30000*0.5
15000
taxable income 18000-15000
3000
Total taxable income 30000+3000
33000
Question 3 :
(a) If 3 students are absent out of a class of 24, what percent of the students are absent?
(b) If 12.5% of the students are absent in a class of 24, how many students are absent?
(c) If 3 students are absent and these comprise 12.5% of the class, how many students are enrolled in the class?
Answer:
Handouts of MTH302, View page28
(a) If 3 students are absent out of a class of 24, what percent of the students are absent?
(b) If 12.5% of the students are absent in a class of 24, how many students are absent?
(c) If 3 students are absent and these comprise 12.5% of the class, how many students are enrolled in the class?
Answer:
Handouts of MTH302, View page28
A) 12.5%
B) 3
c) 24
Question 4:
What principal does Ali need to invest at 25% p.a.(per annum) compounding monthly so that he ends up with Rs. 100,000 at the end of five years? Also find compound interest.
Question 5:
A retired person wants to deposit his G.P. fund savings of Rs. 1,50,000 in a bank. The bank offers 12% interest compounded quarterly, so as to withdraw Rs. 6000 after each three months. Find the number of withdraws.
Solution: (Click the image for LARGE view)
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