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MTH302 Business Mathematics & Statistics Assignment No 01 Spring 2019 Solution & Discussion Due Date: 21-05-2019

MTH302 Business Mathematics & Statistics Assignment No 01 Spring 2019 Solution & Discussion Due Date: 21-05-2019

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 Question: 1

Basic Salary of an employee is Rs. 18,000 and Allowances are Rs. 9000. According to the company’s policy casual leaves are 12 days per year and earned leaves are 24 days per year and normal working days are 22 per month.

Find the total cost of leaves as percent of gross salary?

Question: 2

If an employee deposits Rs. 2,000 at the end of each year into his company’s plan which pays 7% interest compounded quarterly, how much will he have in the account at the end of 5 years?

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Question: 2

If an employee deposits Rs. 2,000 at the end of each year into his company’s plan which pays 7% interest compounded quarterly, how much will he have in the account at the end of 5 years?


Answer :
Employee will earn 8400 at the end of 5 years.
Waiting comments relating to question   ...!

i think correct. Do we need to show the calculation as well or simple answer. and answer of q#1 is?

 Question: 1

Basic Salary of an employee is Rs. 18,000 and Allowances are Rs. 9000. According to the company’s policy casual leaves are 12 days per year and earned leaves are 24 days per year and normal working days are 22 per month.


Answer :
10800 according to my calculation ... whats urs ?

how you calculated?

for solution see this

 Shakha 

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MTH302 Assignment 1 Solution Spring 2019

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