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Assignment no 1
Question 1
If a person provide 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:
Convert R into r
r=R/100
r=13.5/100
r=0.135 rate per year
Quarterly =0.03375
Then solve eq
A=P (1+r)nt
A=Rs 37,994.95
Total money deposited is 37,994.95
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:
In matrices
256 1
Suppose speed in matrix =
512 4