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Mth302 Assignmnet Solution
Mth302 Assignmnet Solution
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Assignment # 1
MTH302 (Fall 2010)
Total marks: 10
Lecture # 1 to 8
Due date: 28-10-10
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• There are 7 questions in the assignment but only one question will be graded.
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provide the solution of all 7 questions.
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Question 1:
If the basic salary of an employee is Rs. 37000 and allowances are Rs. 22,000.
solution:
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allowances = 22,000
Question 2:
Conveyance Allowance = 5%
Utilities Allowance = 7%
Group Insurance/Medical = 0%
There are 12 casual, 24 earned and no sick leaves per year where as normal working
days per month are 26. Find the Gross remuneration of the employee.
Question 3:
A trade discount series of 20, 10, and 5 is offered on an item which has a list price of
Rs. 9100. Find the amount of discount and the net price.
solution
TRADE DISCOUNT
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Net Price = L* (1 - D)*(1 - D)*(1 - D)
=9100 *(0.8)*(0.9)*(0.95)
=9100*0.684
=6224.4
DISCOUNT
= 2875.6 %
Question 4:
If your goal is to have an amount of 325000 in seven years and you can get interest
rate of 9% per annum compounded annually. How much would you need to invest
now?
soluion:
given
n=7
i=9%
F . V = 325000
as we know that
F.V = P.V (1 + i ) ^ n
P . V = 325000
(1.83)
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P.V = 177786.13answer
Question 5:
If you start saving Rs. 28,000 at the end of each six month, and you get interest rate
11% (per annum) compounded semi-annually, how much will you have
accumulated at the end of 20 years?
solution:
given
n = 20
i = 11%
P . V = 28000
as we know that
F.V = P.V (1 + i ) ^ n
F . V = 225744.72
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Question 6:
The price of an item decreased from Rs. 856 to Rs.752. What is the percentage
change in price of item?
solution
1.04%
Question # 7
Suppose you can afford to pay 9,000 per month on a loan. How much can you
borrow if the loan is for a period of 15 years and the interest rate is 5% per annum
compounded monthly?
solution
given
n = 15
m =12
i = 5%
P . V = 9000
as we know that
F . V = 19024.47
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F.V = 192024.47 answer
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