DSC1630 Assignment 1 2025 – Due 13 March 2025

Question 1

Sahid needs R10 500 in ten months’ time to buy new tyres for his car. Two months ago he deposited R9 000 in a savings account at a simple interest rate of 11,5% per year. The amount of money that Sahid will still need to buy the tyres ten months from now is.