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Math 0021: Business Mathematics Question Paper

Math 0021: Business Mathematics

Course:Certificate In Bridging Mathematics

Institution: Chuka University question papers

Exam Year:2013

CHUKA

UNIVERSITY

UNIVERSITY EXAMINATIONS
EXAMINATIONS FOR THE AWARD OF CERTIFICATE COURSE IN BRIDGING MATHEMATICS (SBM)
MATH 0021: BUSINESS MATHEMATICS
STREAMS: BRIDGING MATHS TIME: 2 HOURS
DAY/DATE: MONDAY 22/4/2013 11.30 AM – 1.30 PM
INSTRUCTIONS:

Answer all the Questions in this Paper
The working must be shown clearly.

1. Find the simple interest on Sh.196 800 at 10% P.A from 1st March to 15th June excluding
1st March. [3 Marks]

2. Giving examples, differentiate between

(i) Commutative Law of audition and Distributions Law.
(ii) Assets and liabilities
(iii) Operating expenses and purchases
(iv) Ordinary annuity and Annuity due.
(v) Compound interest and ordinary interest. [10 Marks]

3. A dealer sold a computer printing machine for Sh.22 000 although he had bought it for
Sh. 33 200. What percent loss did the dealer incur? [3 Marks]

4. A residential plot in town appreciates in value at the rate of 15% P.A. Its current value is
Sh.3 500 000. Calculate the value after 3 years. [4 Marks]

5. At what rate will Sh.55 220 invested at compound interest amount to sh. 67 200 in
8 years. [5 Marks]

6. Obtain the effective rate interest which is equivalent to a nominal rate of 20%
compounded semi-annually. [4 Marks]

7. Omondi wants to provide for payments of Sh.20 000 at the end of each month for 6
months. The current rate of interest is 10% compounded monthly. Find the present value at annuity. [5 Marks]

8. Show the amount missing from the following table: [12 Marks]

Sales (sh) Sales returns Net sales Cost of goods sold Gross profit Operations expenses Net income /loss
1 890250 11000 ________ 360500 _______ 315250

2 159200 ________ 1286000 _______ 620000 51650

3 2489500 ________ 2060000 1050200 _______ 425000

4 _______ 56250 960000 285600 674400 92000

5 428900 ________ 392500 _______ 261800 35900 _______

9. A business man borrows Sh.6000000 at 3% P.A. He is to repay Sh. 1 000 000 at the end of each year. How much will he still be owing after the third years repayment? [10 Marks]

10. Discuss the characteristics of a Limited Company. [4 Marks]

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Math 0021: Business Mathematics Question Paper

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