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MTH302 Assignment No. 2 Solution and Discussion Spring 2015 Due Date: June 01, 2015

Assignment #  2

MTH302 (Spring 2015)


            Total marks: 10

             Lecture # 1 to 9

Due Date: June 01, 2015


DON’T MISS THESE: Important instructions before attempting the solution of this assignment:

  • To solve this assignment, you should have good command over 1 - 9 lectures.
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Section A

Question 1:


If the Basic salary of an employee is Rs. 22000.


(a)  What is the total saving per month of the employee on account of Provident Trust Fund?                                                            

(b)  What is the amount of allowances if House Rent = 45 %,

            Conveyance allowance = 2.5 % and Utilities allowance = 2.5 %?



Question 2:


Mr. Ahmed used part of an insurance settlement to purchase an ordinary annuity that would pay him Rs. 5,500 each six months for 10 years. How much did the annuity cost if the interest rate is 10% compounded semiannually? (discounted value)


Question 3:


Suppose you opened an account in a bank on January 1, 2003, with a deposit of Rs. 50,000 then you added Rs.12000 same day. What will be your account amount on July 1, 2005, if the plan earns a fixed rate of interest 11% per annum, compounded semi-annually?



Question 4:


Payments of Rs. 9,000 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 seven years?




Section B


Question 1:


Suppose you are managing an account in which you deposit Rs. 30,000 at the end of each yearfor 20 years. How much amount you have accumulated with the assumption that you earn 6% interest compounded annually.



Question 2:


Calculate the present value of an annuity of Rs.30,000 paid at the end of each month of 3 years. The annual interest rate is 12%.


Question 3:                                                                                                         


The salary of an employee is as follows:

           Basic salary = 20,000 Rs.

           Allowances =   8,000 Rs.

What is the cost of the company on account of leaves (18.2%), group insurance/medical (5%) and other social benefits (5.8%)?


Question 4:    


The salary package of a permanent employee includes:

Basic salary  = Rs. 40,000

House rent   =  45 %

Conveyance allowance = 2.5 %    

Medical insurance = 5 %

Social charges = 5 %

If provident fund will not be given to him then find the gross remuneration.


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?



Section D


Question 1:


If basic Salary of an employee is Rs. 20,000 per month, then calculate the amount of 


  1. Utilities Allowance (12%)
  2. House rent (35 %)
  3. Miscelleneous Social charges (6%)
  4. Medical/Group insurance (7.5%)

Clearly stating calculation of which is based on gross salary and which are based on basic salary.



Question 2:


Sales of an outlet on Saturday were 25,000, which grew up 35,000 on Sunday. Calculate the percentage change. Also, write down the steps performed on excel.




Question 3:                                                                                                         


Ali started working in an organization with an earning of 15,000 rupees per month. His organization signed a three year collective agreement that provided for wage increases of 3.5%, 5.5% and 7.5% in successive years. What should be his earning per month at the end of the term of contract.



Question 4:    


Payments of Rs. 8,500 were made at the end of each quarter into an account that pays an interest of 11% compounded quarterly. How much will be in that account after five years?

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Replies to This Discussion

Please check ur MTH302 Annoucements us me ap ko ap k Section ka bataya hua hai VU nay Please check and confirm af any issue then contact me

main nay lms k mdb main sir say poch tha k sir main nay knse section krna ha tu sir nay reply kia k c section karna ha....main nay net say search kia tu kuch log khetay hain k d section kuch a section aur kuch c section.....yeh assignment complete nai krni kia....maza ki bt ha main nay mdb main aur be comment dakh thay sir nay un ko kaha k d section krna ha......mujay tu is assignment ki kio samaj nai aa rahi ha....kio mujay detail say samja sakata ha kia..................
i want to help.............anybody can help me

Every student is assigned different section to solve. As per the reply on mdb you are require to solve section C. So just solve section c, no other section.

sub karo bhai..... sare sections karne hai....

Alhumdulillah mene apna assignment complete kar lia hai :-)

dear haider 4 sections m se 1 solve karna hai jo ata hai kar do its ur choice...

Calculate the present value of an annuity of Rs.30,000 paid at the end of each month of 3 years. The annual interest rate is 12%.
plz calculate this

koi section A ka b bta dy

plzzzz agr kisi ne kia ha to idea hi dy day

mery pass haa but mai apko monday koo dy skta hun amna

itni late ap mjhy formula bta do just 

Almost Now Free from Office Work. Now Friends Im Now Available for Section D Help.

kamran section D ka Q-4 ka thora idea de do dear baqi kar lye hai...


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