Fall 2023

MTH302 Business Mathematics and Statistics

Assignment No 1
Section Incharge: Saima Kanwal
Total marks: 10
Instructions
Student Id= bc230430565
 The course is segmented into different sections, each of which is supervised by a
different faculty member. Information regarding the section incharge can be found
in the course information section on the LMS.
 A distinct assignment file has been given to each section, resulting in separate
assignment files. The relevant assignment file can be downloaded from the
announcement section of the course. It is important to note that students can only view
the announcements relevant to their respective sections.
 You will prepare the solution of assignment on Word file and upload at the assignment
interface on LMS as per usual practice.
 Plagiarism in the submitted assignment will lead to a zero grade. Additionally, any
student who submits a solution file that is not applicable to their section will also receive
a zero grade.
 Attempt ALL questions.

Question # 1

Payments of Rs. 55,000 were made at the end of each quarter into an account that pays an
interest of 13% compounded quarterly. How much will be in that account after five
years?

Solution 1:

Given that ,C= payment per period=Rs .55000i=interest Rate=13 % ÷ 4

13 13 1 13
i= ÷ 4= × = =0.0325n=number of payments=5 years × 4 quaters per year=20
100 100 4 400
We know that , FV =Future Value=C ×
i[
( 1+i )n−1
]
FV =55000 × [
( 1+0.0325 )20−1
0.0325 ]
FV =55000 × [ ] [
( 1.0325 )20−1 FV =55000 × 1.89583−1
0.0325 0.0325 ]
FV =55000 × [ 27.564 ] FV =1516020
 Question # 2

(where I is the Identity Matrix).

Solution2:
Given that ,Given ¿=
5 4 [ ]
2 5 We know that A−1= Adj A
| A|
Adj A=
4 −5
−5 2 [
| A|=8−25=−17 ]
[ ]
−4 5

A
−1
[= −54 −52 ] Now we will find A −1
−1
A =
[
4 −5
−1
−5 2 A =
17
5
] 17
−2
−17 −17 17 17

[ ][ ]
−4 5
−1 17 17 2 5
Now we will show that A A=I A A= 5
−1
−2 5 4
17 17

[ ] [ ]
−4 5 −4 5 17
×2+¿ × 5 × 5+¿ × 4 0
−1
A A=
17
5
17
2
× 2−¿ ×5
17
5
17
2
×5−¿ × 4
−1
A A=¿ A A=
−1 17
0
17
¿A
−1
A
[ 10 01]=I
17 17 17 17 17
−1
Hence show that A A=I