DSC1630 Assignment 2 Semester 2 Memo | Due September 2025

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DSC1630 Assignment 2 Semester 2 Memo | Due September 2025. Step-by-Step Calculations Provided. Question 1
Determine the equivalent weekly compounded interest rate (to two decimal places) of an interest rate of
14,90% per year, compounded quarterly. [4]
Question 2
Quarterly deposits of R400 each are made into a bank account earning interest at 16% per year compounded
quarterly. Determine the time in quarters (rounded to the nearest quarter) that it will take for the account
to accumulate to R40 000.
Draw an appropriate timeline showing all the given values. [5]