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Assignment No.2 Of MTH001 (Fall 2012)

 

                                                                                              Maximum Marks: 20                                                                                       

                                                                                                     Due Date: 23rd jan, 2013

 

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Question 1;                                                                                                            Mark:8

Find the accumulated value when

Rate of interest =5%

Number of periods ‘n’=20

Amount of annuity R = Rs 5,000

Question 2;                                                                                                         Marks: 7

Given the matricesand such that

 

Question 3;                                                                                                         Marks: 5

Classify into Quantitative and Qualitative Variables.

(i)                  Weight of children.                       

(ii)                Expenditure of a certain company.                              

(iii)               Color of eyes of different people.

(iv)              Income of government servants.

(v)                Living standard of people of a country.

 


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MTH001_Assignment#2_Solution.doc

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2nd Full Question Solution

Find the accumulated value when

Rate of interest =5%

Number of periods ‘n’=20

Amount of annuity R = Rs 5,000

Answer:

Accumulated value       =          ?

Rate of interest (i)      =          5%

Number of periods(n)   =          20

Amount of annuity       =          5,000Rs.

Accumulation Factor AF=          ((1 + i) ^ n -1) / i

                                  =          ((1 + 0.05)^20-1) / 0.05

                                 =          33.0659

Accumulated value      =          number if period * accumulation factor

                                 =          5,000*33.0659

                                 =          165329.5ans



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