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MTH302 Assignment 01 Spring 2021 Solution / Discussion Due Date: 27-05-2021

Assignment No.  1                    MTH302 (Spring 2021)

Total Marks: 15                     Due Date:  27th May, 2021


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Question 1                                                     Marks=5

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.


Question 2                                                      Marks=10

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




Company A





Company B






What is total annual revenue of Company A?

What is total quarterly revenue of Company B?

(Use Matrices to illustrate the above information)

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MTH302 Assignment 01 Spring 2021 Solution link file 


MTH302 ASSIGNMENT 1 SPRING 2021 Solution 










MTH302 Assignment 1 Solution Spring 2021

Question NO 1


First convert R as a percent to r as a decimal r = R/100

r= 13.5/100

r = 0.135 rate per year, Quarterly = 0.135/4 = 0.03375



Then solve the equation for A A = P(1+r)nt

A = 15,000 (1+ 0.03375)(28)

A= Rs. 37,994.95





Question NO 2 Solution

  • What is the total annual revenue of Company A?


Revenue of Company A per Quarterly = 3150000      739200

⎣                             ⎦

  1. What is the total quarterly revenue of Company B?



Revenue of Company B per Quarterly =

⎡1125000   54600 ⎤

1026000  262200





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