send solution bro.....
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MTH302 (Spring 2011)
Total marks: 10Lecture # 1 to 8Due 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?
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?
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.
Shows n = 47]
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send solution bro.....
dear i will submit this solution soon.
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i need the solution of last question just send me again
If I understand correctly you will have paid monthly payments that totalled 8,450 for 17 years. Monthly payment = 8,450 / (12 x 17) = 41.42 per month.
The net present value (the amount borrowed) = 41.42 / (.07/12) * (1 - (1 + (.07/12))^(-12*17) = 4,933.13
N = 17 x 12, or 204
Interest = 7% / 12, or .5833%
PMT = 8,450
PV = 1,006,359
You can borrow the PV, 1,006,359
First question answer
R (interest Rate) = 7/12 = .0058%
Periods (n) = 17*12= 204
PMT= 8450
PV = ?
= PMT * [((1 + r)^n – 1) / (r * (1 + r)^n]
=8450*(((1+0.0058)^204-1)/(0.0058*(1+0.0058)^204)) =1009126
Question 3 answer
If 3 students are absent out of a class of 24, what percent of the students are absent?
Total = 24
Absent = 3
Percent absent = (3/27)*100 = 11.11%
(b) If 12.5% of the students are absent in a class of 24, how many students are absent?
12.5% means out of 100 12.5 students are absent
= (12.5/100)*24 = 3 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?
If 12.5 students are absent then total students = 100
If 1 student is absent then total students = 100/12.5
If 3 students are absent total students = (100/12.5)*3 = 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.
Interest rate is 25% per annum, and compounded monthly, then the value of 'i' to use in the formula is 25%/12 = 2.08% = .0208
i = .0208
A = 100,000
n = 5 years = 5*12 = 60 months
( As interest is compounded after every month ,we need to get all periods by multiplying years * months )
P = ?
P= A/(1+i)^n
P= 100,000/((1+.0208)^60) = 29077.71
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.
Interest rate is 25% per annum, and compounded monthly, then the value of 'i' to use in the formula is 25%/12 = 2.08% = .0208
i = .0208
A = 100,000
n = 5 years = 5*12 = 60 months
( As interest is compounded after every month ,we need to get all periods by multiplying years * months )
P = ?
P= A/(1+i)^n
P= 100,000/((1+.0208)^60) = 29077.71
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solution are in attachment
Solution MTH302.zip
salam,
iss attachment me solution to hy hi nhee assignment ka
salam
3rd question k (a) part me 3/24 ho ga {3/27 nhi ho ga}
Dear friends,
Could anyone upload the solution on MS Excel plz?
Thanks,
Muhammad
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