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Mth302 Assignment No. 1 solution VU

Thursday, April 07, 2011 Posted In Edit This
Assignment # 1

MTH302 (Spring 2011)


Total marks: 10
Lecture # 1 to 8
Due date: 15-04-2011

DON'T MISS THESE Important instructions:

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  • Above all instructions are for all assignments so may not be mentioned in future.
  • There are 5 questions in the assignment but only one question will be graded. However we are not mentioning that which question will be graded so you have to provide the solution of all 5 questions.
  • Solve the assignment on MS word document and upload your word (.doc) files only. Do not solve the assignment on MS excel. If we get any assignment on MS excel or any format other than word file then it will not be graded.

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) 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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