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    BNU1501 - Assessment 4-Semester 2-2023

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    bonokuhledlamini60
    This document provides a 20 question assignment on basic numeracy concepts covered in chapters 6 and 7 of the study guide. The questions cover topics like coordinate systems, slope and y-intercept of lines, simple and compound interest, annuities, present and future value, and amortization. Students are asked to select the correct answer from four multiple choice options for each question. The assignment is due on September 15, 2023.

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    BNU1501 - Assessment 4-Semester 2-2023

    Uploaded by

    bonokuhledlamini60
    36 views7 pages
    This document provides a 20 question assignment on basic numeracy concepts covered in chapters 6 and 7 of the study guide. The questions cover topics like coordinate systems, slope and y-intercept of lines, simple and compound interest, annuities, present and future value, and amortization. Students are asked to select the correct answer from four multiple choice options for each question. The assignment is due on September 15, 2023.

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    Assessment 4

    Original Title

    BNU1501_Assessment 4-Semester 2-2023

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    This document provides a 20 question assignment on basic numeracy concepts covered in chapters 6 and 7 of the study guide. The questions cover topics like coordinate systems, slope and y-intercept of lines, simple and compound interest, annuities, present and future value, and amortization. Students are asked to select the correct answer from four multiple choice options for each question. The assignment is due on September 15, 2023.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    36 views7 pages

    BNU1501 - Assessment 4-Semester 2-2023

    Uploaded by

    bonokuhledlamini60
    This document provides a 20 question assignment on basic numeracy concepts covered in chapters 6 and 7 of the study guide. The questions cover topics like coordinate systems, slope and y-intercept of lines, simple and compound interest, annuities, present and future value, and amortization. Students are asked to select the correct answer from four multiple choice options for each question. The assignment is due on September 15, 2023.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 7

    BNU1501/Ass 4/S2/2023

    BNU1501

    Basic Numeracy

    Department of Decision Sciences

    ASSIGNMENT 04

    Semester 2 – 2023

    Due Date: 15 September 2023

    Please work through the following study material before answering the assignment questions:
    Study material: Chapters 6 and 7 of the Study Guide

    1
    BNU1501/Ass 4/S2/2023

    Question 1
    If a vertical and horizontal number line intersect perpendicularly, they form right angles (of
    90◦) with each other and a co-ordinate system of axes is formed, the horizontal line is called:
    [1] Quadrants
    [2] y-axis
    [3] Co-ordinates
    [4] x-axis

    Question 2
    The point at which the two axes intersect (cross each other) is called:
    [1] Centre
    [2] Vertex
    [3] Origin
    [4] Starting point

    Question 3
    Two lines always intersect each other at
    [1] two points
    [2] one point
    [3] three points
    [4] do not intersect each other

    Question 4
    What is the gradient and the y-intercept for a straight line with the equation 𝑦𝑦 = −2𝑥𝑥 − 3?
    [1] Slope = 2, y-intercept = 3
    [2] Slope = 2, y-intercept = −3
    [3] Slope = −2, y-intercept = −3
    [4] Slope = 3, y-intercept = 2

    Question 5
    A straight line crosses the x-axis at (3, 0) and the y-axis at (0, 2). What is the y-intercept for
    this line?
    2
    BNU1501/Ass 4/S2/2023

    [1] y-intercept = 2
    [2] y-intercept = 0
    [3] y-intercept = 6
    [4] y-intercept = 3

    Question 6
    What will be the slope of the line given by 𝑎𝑎𝑎𝑎 + 𝑏𝑏𝑏𝑏 + 𝑐𝑐 = 0 ?
    𝑏𝑏
    [1] −
    𝑎𝑎
    𝑎𝑎
    [2] −
    𝑏𝑏
    𝑎𝑎
    [3]
    𝑐𝑐
    𝑐𝑐
    [4] − 𝑎𝑎

    Question 7
    The straight line given by the equation 𝑥𝑥 = 11 is
    [1] parallel to x-axis
    [2] passing through the origin
    [3] passing through the point (0,11)
    [4] parallel to y-axis

    Question 8

    Which of the following straight lines equations is represented by the graph shown above?
    [1] 𝑦𝑦 = −2𝑥𝑥 + 4
    1
    [2] 𝑦𝑦 = 2
    𝑥𝑥 − 2
    3
    BNU1501/Ass 4/S2/2023

    1
    [3] 𝑦𝑦 = − 2 𝑥𝑥 + 2

    [4] 𝑦𝑦 = 2𝑥𝑥 − 4

    Question 9
    A man walks near a wall, such that the distance between him and the wall is 10 units. Consider
    the wall to be the y-axis. The path travelled by the man is
    [1] 𝑦𝑦 = 0
    [2] 𝑦𝑦 = 10
    [3] 𝑥𝑥 = 0
    [4] 𝑥𝑥 = 10

    Question 10
    Which of the following coordinates does not satisfy the equation 𝑦𝑦 = −2𝑥𝑥 + 3?
    [1] (−2; 1)
    [2] (−1; 5)
    [3] (1; 1)
    [4] (2; −1)

    Simple interest
    Question 11
    Sam borrowed some money from his friend at simple interest of 6% per annum. He returned
    his friend R15 600. After how much time did Sam return the money if he borrowed R12 000?

    [1] 8 years
    [2] 2.5 years
    [3] 5 years
    [4] 3.5 year

    Question 12
    Khabazela paid R9 600 as interest on a loan he took 5 years ago at 16% rate of simple
    interest. What was the amount he took as loan?

    4
    BNU1501/Ass 4/S2/2023

    [1] R12 000


    [2] R16 400
    [3] R 12 500
    [4] R18 000

    Compound interest
    Question 13
    Compute the compound interest on R16 000 for 2 years 10% per annum when compounded
    half yearly.
    [1] R18 600
    [2] R17 640
    [3] R18 640
    [4] R17 600

    Question 14
    At what rate of compound interest per annum will a sum of R1 200 become R1 348.32 in 2
    years?
    [1] 6%
    [2] 6.5%
    [3] 7%
    [4] 7.5%

    Future value of an annuity


    Question 15
    A 5-year ordinary annuity has a present value of R1 000. If the interest rate is 8 percent, the
    amount of each annuity payment is closest to which of the following?

    [1] R231.91
    [2] R250.44
    [3] R181.62
    [4] R184.08

    5
    BNU1501/Ass 4/S2/2023

    Question 16
    Phila deposits R5 000 in an ordinary annuity at the end of each quarter in an account that
    earns 6% interest compounded quarterly. What is the future value of Phila’s annuity in 3
    years?
    [1] R65 206.05
    [2] R56 206.05
    [3] R196 680.32
    [4] R65 680.32

    Present value of an annuity


    Question 17
    Christo wants to buy a small wine farm worth R8 500 000. He plans to sell his current home
    for R3 400 000 which he will use as a deposit for the purchase of the farm. He secures a loan
    with a bank with a repayment period of 10 years and an interest rate of 9,5% compounded
    monthly. Calculate his monthly repayments.
    [1] R484 330,48
    [2] R532 492,48
    [3] R65 992,75
    [4] R484 509,93

    Question 18
    Anele takes out a student loan for his first year of BCom. The loan agreement states that the
    repayment period is equal to 1,5 years for every year of financial assistance granted and that
    the loan is subject to an interest rate of 10,5% p.a. compounded monthly. If Anele pays a
    monthly instalment of R1 446,91, calculate the loan amount.

    [1] R28 774,75


    [2] R28 665,06
    [3] R24 574,15
    [4] R24 000,14

    Amortisation
    Question 19
    An amortization table ________.

    6
    BNU1501/Ass 4/S2/2023

    [1] breaks each payment into the amount that goes toward interest and the amount that goes
    toward the principal
    [2] is a special table used in a break room to make people feel equitable
    [3] separates time value of money tables into present value and future value
    [4] separates time value of money tables into single amounts and streams of cash

    Question 20
    You are considering borrowing R10 000 for 3 years at an annual interest rate of 6%. The loan
    agreement calls for 3 equal payments, to be paid at the end of each of the next 3 years.
    (Payments include both principal and interest.) The annual payment that will fully pay off
    (amortize) the loan is closest to
    [1] R2 890
    [2] R2 674
    [3] R3 741
    [4] R4 020

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