MTH302 Assignment No.2 solution January 2012

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MTH302 Assignment no 1 Solution Spring June 2012


Question No. 1:

If the salary and allowances of an employee are as follows:

Basic Salary
House Rent Allowance
Conveyance Allowance
Utilities Allowance
Group Insurance/Medical
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.