MTH302 Assignment no 1 Solution Spring June 2012
Question No. 1:
If the salary and allowances of an employee are as follows:
House Rent Allowance
Misc. Social Charges
There are Casual, Earned (not availed) and no Sick leaves per year where as normal working days per month are . Calculate the Gross Remuneration of the Employee.
Question No. 2:
Calculate the discount factor and discounted value when discount rate is 5%, number of periods is 20 and amount of annuity is Rs.20000.