MTH302 - Business Mathematics & Statistics

Re: MTH302 Assignment 1 Solution and Discussion Assignment No. 1 MTH302 (Spring 2020) Total Marks: 20 Due Date: June 21, 2020. DON’T MISS THESE: Important instructions before attempting the solution of this assignment: • To solve this assignment, you should have good command over 1-15 lectures. • Upload assignments properly through LMS, No Assignment will be accepted through email. • Write your ID on the top of your solution file. • Don’t use colorful back grounds in your solution files. • Use Math Type or Equation Editor etc. for mathematical symbols if needed. • You should remember that if the solution files of some students are found same (copied) then we will reward zero marks to all those students. • Make solution by yourself and protect your work from other students, otherwise both original and copied assignments will be awarded zero marks. • Also remember that you are supposed to submit your assignment in Word format, any other format like scanned images etc. will not be accepted and be awarded zero marks Question 1 Sameer took a loan of Rs 10,000 at the interest rate of 12% per annum for 5 years. Show that the compound interest is greater than simple interest on the given amount. Question 2 A retailer purchases items that cost Rs. 40.5 each. He adds a markup of 25% on the selling price. The item is then marked down to 7%. What will be the final selling price of the item.

Assignment # 1 MTH302 (Fall 2019) Total Marks: 20 Due Date: November 20, 2019. DON’T MISS THESE: Important instructions before attempting the solution of this assignment: • To solve this assignment, you should have good command over 01-9 lectures. • Upload assignments properly through LMS, No Assignment will be accepted through email. • Write your ID on the top of your solution file. • Don’t use colorful back grounds in your solution files. • Use Math Type or Equation Editor etc for mathematical symbols if needed. • You should remember that if we found the solution files of some students are same then we will reward zero marks to all those students. • Make solution by yourself and protect your work from other students, otherwise you and the student who send same solution file as you will be given zero marks. • Also remember that you are supposed to submit your assignment in Word format any other like scan images etc will not be accepted and we will give zero marks correspond to these assignments. Q1: Payments of $ 670 are being made at the end of each month for 5 years at an interest of 8% compounded monthly. Calculate the Present Value. Q2 : Suppose Mr. Arslan’s basic salary is Rs 12000. Calculate the allowances (House rent, utility bills, conveyance allowance). Also, find the provident fund and gratuity.