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# MTH302 Assignment # 2 Spring 2015 Section C

Section C

Question 1:

If house rent (45% of basic salary) of an employee is Rs.81, 00 then calculate the followings

• Amount of basic salary
• Total amount of allowances given to the employee, if conveyance allowance is 2.5% and utility allowance is 3.5% of basic salary.

Question 2:

An investment has been made for a period of 4 years. Rates of return for each year are 7%, 8%, - 9% and 5% respectively. If you invested Rs. 150,000 at the beginning of the term, how much will you have at the end of the last year?

Question 3:

If you invested Rs.80,000 at the rate of 11% per annum for 8 years. Calculate simple as well as compound interest of the amount.

Question 4:

If you deposit Rs.20,000 at the end of each month into an account with earning rate 5%, how much will you have after 10 years?

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