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Thread: MTH302 - Business Mathematics & Statistics exam instructions

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    98 MTH302 - Business Mathematics & Statistics exam instructions

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    Instructions for Assignment and Paper

    You can use Ms excel or Ms Word to solve any question in the assignment or paper. But you have to remember some basic points:

    1. Show the complete process to solve the question; otherwise you will not get full marks.
    2. If you write only the answer without any process, the question will not be taken as solved properly.
    3. If you solve the question on Ms Excel then paste the data on Ms Word after solving the question (Do not take screen shot of whole screen and paste it in exam software). You should also mention the formula separately which you have used to solve the question. If you not mention the formula at least half the marks will be deducted.


    Question: Marks 05

    Calculate the accumulated value if you deposit Rs. 500 at the end of each year for the next 3 years? Assume an interest of 8% compounded annually.

    Solution 1:

    Rs. 1623.125

    Answer correct but no process shown so the marks will be .
    Marks 01

    Solution 2:
    Rate of interest =

    Number of periods = n = 3

    Payment per period = Amount of Annuity = R = 500 Rs.

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