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    Exam CD FEB 2023 MAT112

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    This document is the final examination for the Business Mathematics course taken at Universiti Teknologi MARA in February 2023. It consists of 5 questions testing various skills in business mathematics, including simple and compound interest, loans, discounts, depreciation, and more. Students have 3 hours to complete the exam, which is confidential and must be completed without outside materials. The exam contains instructions, questions, and a list of formulas in the appendix.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Exam CD FEB 2023 MAT112

    Uploaded by

    mustard
    73 views5 pages
    This document is the final examination for the Business Mathematics course taken at Universiti Teknologi MARA in February 2023. It consists of 5 questions testing various skills in business mathematics, including simple and compound interest, loans, discounts, depreciation, and more. Students have 3 hours to complete the exam, which is confidential and must be completed without outside materials. The exam contains instructions, questions, and a list of formulas in the appendix.

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    Exam_CD_FEB_2023_MAT112

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    This document is the final examination for the Business Mathematics course taken at Universiti Teknologi MARA in February 2023. It consists of 5 questions testing various skills in business mathematics, including simple and compound interest, loans, discounts, depreciation, and more. Students have 3 hours to complete the exam, which is confidential and must be completed without outside materials. The exam contains instructions, questions, and a list of formulas in the appendix.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    73 views5 pages

    Exam CD FEB 2023 MAT112

    Uploaded by

    mustard
    This document is the final examination for the Business Mathematics course taken at Universiti Teknologi MARA in February 2023. It consists of 5 questions testing various skills in business mathematics, including simple and compound interest, loans, discounts, depreciation, and more. Students have 3 hours to complete the exam, which is confidential and must be completed without outside materials. The exam contains instructions, questions, and a list of formulas in the appendix.

    Copyright:

    © All Rights Reserved
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    You are on page 1of 5

    CONFIDENTIAL CD/FEB 2023/MAT112

    UNIVERSITI TEKNOLOGI MARA


    FINAL EXAMINATION

    COURSE : BUSINESS MATHEMATICS


    COURSE CODE : MAT112
    EXAMINATION : FEBRUARY 2023
    TIME : 3 HOURS

    INSTRUCTIONS TO CANDIDATES

    1. This question paper consists of five (5) questions.

    2. Answer ALL questions in the Answer Booklet. Start each answer on a new page.

    Do not bring any material into the examination room unless permission is given by the
    3.
    invigilator.

    4. Please check to make sure that this examination pack consists of:

    i. the Question Paper


    ii. a one – page Appendix (List of Formula)
    iii. an Answer Booklet – provided by the Faculty

    5. Answer ALL questions in English.

    DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO


    This examination paper consists of 5 printed pages
    © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL
    CONFIDENTIAL 2 CD/FEB 2023/MAT112

    QUESTION 1

    a) On 3 January 2020, Ellen deposited some money in an account that offered an


    interest rate of 5.8% per annum. If she earned RM8,157.20 on 7 May 2020, find the
    initial deposit using approximate time and exact simple interest.
    (5 marks)

    b) Umar took a loan of RM8,000 from a bank for 27 months. If he paid RM1,080 as
    interest at the end of the loan period, find the rate of interest.
    (3 marks)

    c) Kamala received a promissory note on 15 April 2022 from Tirmizi with a simple
    interest of 5% per annum and the face value of the note was RM5,000. The note
    matured on 16 August 2022. However, 23 days before the maturity date, she
    discounted the note to a bank and received proceeds of RM4,900.

    i) Determine the payee of the note.


    (1 mark)
    ii) Find the maturity value of the note.
    (5 marks)
    iii) Find the amount of discount received.
    (2 marks)
    iv) Find the discount date.
    (2 marks)
    v) Find the discount rate that is equivalent to the simple interest rate.
    (2 marks)

    QUESTION 2

    a) A bank offers an interest rate of 4.2% compounded quarterly for the first 5 years and
    5% compounded semi-annually for the next 5 years. If a man wants to invest
    RM10,000 for 10 years in that bank, find the total amount he will receive when the
    investment period ends.
    (6 marks)

    b) Seven years and eight months ago, Jonny saved RM25,000 into an account with an
    interest rate of 6% compounded every four months. Today, he has withdrawn RM3,000
    from the same account. Find the balance in his account after the withdrawal.
    (4 marks)

    © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL


    CONFIDENTIAL 3 CD/FEB 2023/MAT112

    c) Global Sdn. Bhd. received an invoice for a set of furniture dated 15 July 2022 in the
    amount of RM9,700, including a transportation cost of RM250. The trade discounts
    were 14% and 7%, and the cash discount terms were 10/7, 8/14, and n/30. Find

    i) the single discount rate that is equivalent to the series of trade discounts given.
    (2 marks)
    ii) the last date to receive 10% and 8% cash discount.
    (3 marks)
    iii) the total payment if the payment was made on 26 July 2022.
    (5 marks)

    QUESTION 3

    a) RM800 is deposited every six months in an account for 13 years at 5.4%


    compounded semi-annually. Find the amount in the account at the end of 5 years and
    6 months.
    (4 marks)

    b) Ameena borrowed a certain sum of money from a financial institution that charged
    4.8% compounded monthly. She must pay RM725 every month for 9 years. Calculate
    the initial value of the loan.
    (4 marks)

    c) Puan Mariani needs to pay RM268 every month for a loan of RM10,554 from XYZ
    Bank at 18% compounded monthly.

    i) Calculate the number of equal payments required.


    (5 marks)

    ii) If Puan Mariani failed to pay the first five monthly payments, how much should
    she pay on the sixth payment to settle the outstanding arrears?
    (5 marks)

    QUESTION 4

    a) The cost of a smartwatch is RM600. Find the selling price of the smartwatch if it was
    sold with a gross profit of 14% based on cost.
    (4 marks)

    © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL


    CONFIDENTIAL 4 CD/FEB 2023/MAT112

    b) A retailer bought 42 sling bags at RM130 per bag. She planned to sell all the bags for
    a net profit of 27% based on the selling price and the operating expenses incurred
    were 10% based on cost. Compute

    i) the total selling price if she managed to sell all the bags.
    (6 marks)
    ii) the maximum percentage of markdown that could be offered without incurring
    any loss.
    (6 marks)

    QUESTION 5

    a) Alia bought a water filter for her family with a cash price of RM9,750. She paid a 10%
    down payment and the balance is to be paid in 60 monthly payments at interest
    charged of 11% per annum based on the original balance. Find the monthly payment
    of the water filter.
    (4 marks)

    b) A home theatre system selling for RM3,504.09 cash can be purchased for a 25% down
    payment. The remaining balance is repayable in 24 monthly instalments. If the interest
    rate charged is 5.5% on reducing balance, find

    i) the interest charged using the Constant Ratio Formula.


    (3 marks)
    ii) the monthly payments.
    (3 marks)
    iii) the instalment price of the home theatre system.
    (2 marks)
    iv) the outstanding balance if a buyer wishes to settle the loan immediately after
    the 20th payment by using the Rule of 78.
    (4 marks)

    c) A motorcycle costing RM8,500 has a useful life of 7 years. If the book value of the
    motorcycle at the end of 3 years is RM5,371.42, find its scrap value at the end of 7
    years using the Straight Line Method.
    (5 marks)

    d) Lotti Bakery bought a mixer at the cost of RM12,500. It is expected to last for eight
    years and has a salvage value of RM4,700. Calculate the annual rate of depreciation
    and the book value of the mixer at the end of four years by using the declining balance
    method.
    (5 marks)

    © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL


    CONFIDENTIAL 5 CD/FEB 2023/MAT112

    END OF QUESTION PAPER

    © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

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