MTH001 Elementary Mathematics Assignment 2 Solution Fall 2012

Question 1; Mark:8
Find the accumulated value when
Rate of interest =5%
Number of periods ā€˜nā€™=20
Amount of annuity R = Rs 5,000
Answer:
Accumulated value = ?
Rate of interest (i) = 5%
Number of periods(n) = 20
Amount of annuity = 5,000Rs.
Accumulation Factor AF= ((1 + i) ^ n -1) / i
= ((1 + 0.05)^20-1) / 0.05
= 33.0659
Accumulated value = number if period * accumulation factor
= 5,000*33.0659
= 165329.5ans

 

Question 2; Marks: 7
Given the matricesand such that




Question 3; Marks: 5

Classify into Quantitative and Qualitative Variables.
(i) Weight of children.
(ii) Expenditure of a certain company.
(iii) Color of eyes of different people.
(iv) Income of government servants.
(v) Living standard of people of a country.

Classify into Quantitative and Qualitative Variables.
(i) Weight of children.
Quantitative Variable
(ii) Expenditure of a certain company.
Qualitative Variable
(iii) Color of eyes of different people.
Qualitative Variable
(iv) Income of government servants.
Quantitative Variable
(v) Living standard of people of a country.
Qualitative Variable.

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