Question - Test Mat111 - 7 June 2024 (1) - 1
Question - Test Mat111 - 7 June 2024 (1) - 1
NAME :
STUDENT’S ID :
GROUP :
LECTURER’S NAME:
INSTRUCTIONS TO CANDIDATES
2 20
3 20
50
Total
Marks 100
a) The ratio of cups of flour and cups of water in a pizza recipe is 8:3. Dimano’s
Pizza Restaurant makes a special pizza using 32 cups of flour. How many cups
of water should they use?
(2 marks)
(3 marks)
CONFIDENTIAL 3 CD/JUNE2024/MAT111
c) Sameon allocated x portions of his monthly income for needs, three portions for
savings, and seven portions for debt repayment. With Sameon earning RM 3,000
per month and saving RM 450, find
a) 4 years 4 months ago, Zaideen deposited RM 2,500 in a saving account that gave
5.5% simple interest per annum.
ii) Today he withdrew RM 750. Find the balance in his account today.
(2 marks)
CONFIDENTIAL 5 CD/JUNE2024/MAT111
b) On 23 Jan 2024, Mr Rajoo took a loan of RM 5,000 from a bank that charged a
simple interest rate of r%. He settled the loan and paid RM5,069.47 on 15 April
2024. Find
ii) the amount of r% using exact time and exact simple interest.
(3 marks)
d) Fajura wishes to pay Fattah back for the RM 6,500 that she owes him. Fajura
chooses to apply a loan from SHER bank with a 16% discount rate. If she takes out
a 10-months loan, find
a) Mr. and Mrs. Darren plan to start saving for their daughter's college education as
soon as Mrs. Darren gives birth. They aim to have RM 100,000 in 19 years.
i) How much money should they deposit today into an account that pays 12%
compounded every four months?
(3 marks)
c) Elfigha deposited RM5500 into a saving account for 7 years. The interest rate is
3.45% compounded quarterly for the first 2 years 6 months and 4.05% compounded
every two months for the remainder of the period. Find
i) the amount in Elfigha account after 2 years 6 months.
(3 marks)
ii) the amount in Elfigha account at the end of the investment period.
(4 marks)
END OF QUESTION
CONFIDENTIAL 10 CD/JUNE2024/MAT111
APPENDIX
LIST OF FORMULA
Future value