Assignment No.

1
MTH302 (Spring 2021)

STUDENT ID: BC210206087

Question 1:

If a person provides payments of Rs.15000 at the end of each 3rd month for 7 years and interest is 13.5%
compounded quarterly, then calculate how much money is deposited.

Solution:

Given,
Payment = P = Rs.150000
Interest = r = 13.5%
Number of years = n = 7 years
4n
 r 
 4 
A  P 1  
 100 
Formula when Compounded Quarterly:  
Putting values of P, r and n in the formula and solving,
4*7
 13.5 
 
A  15000 1  4 
 100 
 
28
 3.375 
A  15000 1  
 100 
A  15000  1.03375 
28

A  15000  2.532
A  37980

Money Deposited is = A = Rs.37980

Question 2:

Suppose two mobile phone companies’ sale their internet packages as 256KB connection for Rs.1500 per month,
512KB connection for Rs.1900 per month, 1MB connection for Rs.2800 per month and 4MB connection for
Rs.3800 per month.

The table below summarizes the number of connections both companies have sold per month:

256 KB 512KB 1MB 4MB

Company A 175 60 22 8
Company B 250 180 65 23
 Assignment No. 1
MTH302 (Spring 2021)
a) What is total annual revenue of Company A?
b) What is total quarterly revenue of Company B?
(Use Matrices to illustrate the above information)

Solution for a:

Company A 256 KB 512KB 1MB 4MB

Packages Sold Per Month 175 60 22 8

Price of Package 1,500 1,900 2,800 3,800

Annual Revenue 3,150,000 1,368,000 739,200 364,800

In Matrix Form:

Annual Revenue = [3150000 1368000 739200 364800]

Solution for b:

Company B 256 KB 512KB 1MB 4MB

Packages Sold Per Month 250 180 65 23

Price of Package 1,500 1,900 2,800 3,800

Quarterly Revenue 1,125,000 1,026,000 546,000 262,200

In Matrix Form:

Quarterly Revenue = [1125000 1026000 546000 262200]