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MTH302 Assignment 1 Solution Correct and Download free in PDF also Paid services available







Assignment#1 

MTH304 (SPRING 2022) 

Total marks: 20 

Lecture#1-12 

Due date: JUNE 13, 2022 

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Question#1                                                         MARKS 10 

A deposit of Rs. 6000 in a Bank account earns interest 5% compounded monthly for four years. How much amount is accumulated in the account after 4 years?




Question#2                                                      MARKS 10 

A 55-inch segment is divided into three parts whose lengths have the ratio 2 : 4 : 5. What is the length of the longest part?


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  2. Question#3                                                      MARKS 10 

    Suppose that you establish an IRA (Individual Retirement Account) at age 43 and you will retire after 22 years hence at age 65. You plan to make annual payments of Rs1000 into the IRA at the beginning of each year. If you assume a rate of return of 8.5 percent a year, calculate the future value of your IRA when you will retire at age 65.


    1.  





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