# MTH302 Assignment 1 Solution 2021

MTH302 Assignment 1 Solution Spring 2021

Dear Student, We Provide you here MTH302 Assignment 1 Solution 2021. Get to Download MTH302 Assignment 1 Solution 2021 Easily in one place.

MTH302 ASSIGNMENT 1 SOLUTION SPRING 2021

Question 1:

If a person provide payments of Rs.15000 at the end of each 3rd month for 7 years and interest is 13.5% compounded quarterly, then calculate how much money is deposited.

Solution:

First, convert R as a percent to r as a decimal
r = R/100
r = 13.5/100
r = 0.135 rate per year,   Quarterly = 0.135/4 = 0.03375

Then solve the equation for A
A = P(1 + r)nt
A = 15,000(1 + 0.03375)(28)
A = Rs. 37,994.95

Summary:
The total amount accrued, principal plus interest, with compound interest on a principal of Rs. 15,000.00 at a rate of 13.5% per year compounded 4 times per year over 7 years is Rs.37,994.95.

Question 2:

Suppose two mobile phone companies sell their internet packages as 256KB connection for Rs.1500 per month, 512KB connection for Rs. 1900 per month, 1MB connection for Rs. 2800 per month, and 4MB connection for Rs. 3800 per month.

The table below summarizes the number of connections both companies have sold per month:

 256 KB 512KB 1MB 4MB Company A 175 60 22 8 Company B 250 180 65 23

What is total annual revenue of Company A?

What is total quarterly revenue of Company B?

(Use Matrices to illustrate the above information)

Solution:

 Speed Prices Company A Sold Total Revenue of A Annual (Price * Sold * 12) Company B Sold Total Revenue of B per Quarterly (Price * Sold * 3) 256KB 1500 175 3150000 250 1125000 512KB 1900 60 1368000 180 1026000 1MB 2800 22 739200 65 546000 4MB 3800 8 364800 23 262200

1. What is total annual revenue of Company A?

1. What is total quarterly revenue of Company B?

OR

1. What is total annual revenue of Company A?

1. What is total quarterly revenue of Company B?

Make sure you can make some changes to your solution file before submitting copy-paste solution will be marked zero.

If you found any mistake then correct yourself and inform me.

Before submitting an assignment check your assignment requirement file.

If you need some help and question about file and solutions.