This document provides instructions for a group assignment for a business mathematics course. It includes 6 questions to be answered as a group assignment. Students must form groups of 5-6 students. The assignment is due on September 25th, 2015 and must be submitted in hard copy with a cover page. Plagiarism is not allowed and failure to follow instructions will result in lost marks. The assignment covers topics like solving systems of linear equations, calculating profit and revenue, comparing simple and compound interest, calculating present value, solving systems of equations using Gaussian elimination, and calculating price and quantity indices.
This document provides instructions for a group assignment for a business mathematics course. It includes 6 questions to be answered as a group assignment. Students must form groups of 5-6 students. The assignment is due on September 25th, 2015 and must be submitted in hard copy with a cover page. Plagiarism is not allowed and failure to follow instructions will result in lost marks. The assignment covers topics like solving systems of linear equations, calculating profit and revenue, comparing simple and compound interest, calculating present value, solving systems of equations using Gaussian elimination, and calculating price and quantity indices.
This document provides instructions for a group assignment for a business mathematics course. It includes 6 questions to be answered as a group assignment. Students must form groups of 5-6 students. The assignment is due on September 25th, 2015 and must be submitted in hard copy with a cover page. Plagiarism is not allowed and failure to follow instructions will result in lost marks. The assignment covers topics like solving systems of linear equations, calculating profit and revenue, comparing simple and compound interest, calculating present value, solving systems of equations using Gaussian elimination, and calculating price and quantity indices.
This document provides instructions for a group assignment for a business mathematics course. It includes 6 questions to be answered as a group assignment. Students must form groups of 5-6 students. The assignment is due on September 25th, 2015 and must be submitted in hard copy with a cover page. Plagiarism is not allowed and failure to follow instructions will result in lost marks. The assignment covers topics like solving systems of linear equations, calculating profit and revenue, comparing simple and compound interest, calculating present value, solving systems of equations using Gaussian elimination, and calculating price and quantity indices.
This
is
a
group
assignment.
Each
group
should
consist
of
minimum
5
and
maximum
6
students.
Neat
handwriting
answer
is
accepted.
This
assignment
has
to
be
submitted
in
hard
copy
(A4
paper)
with
a
standardized
assignment
cover
page.
Assignments
not
submitted
with
cover
sheet
will
not
be
marked.
Do
not
commit
plagiarism.
Plagiarism
is
when
you
use
someone
else's
words
or
ideas
as
your
own.
Failure
to
follow
the
instructions
will
result
in
deduction
of
marks.
QUESTION
1
Solve
the
system
below
using
linear
equation.
2 + = 16
3 + 3 = 33
[2
marks]
QUESTION
2
Paper
Mill
Machine
Enterprise
had
launched
a
new
machine.
The
variable
cost
for
100
units
of
the
machne
is
RM1,350
and
the
fixed
costs
of
the
machine
is
RM20,000.
In
the
first
production,
they
produced
5,000
units
with
a
selling
price
of
RM20,000
per
unit.
Using
the
information
given,
find:
(a)
The
profit
gained
by
Paper
Mill
Machine
Enterprise
if
all
the
new
machines
are
sold.
[3
marks]
(b)
The
total
revenue
if
6,000
units
are
sold.
[2
marks]
(c)
The
profit
gained
for
total
units
sold
in
(b)
with
the
fixed
cost
reduced
by
10%.
[3
marks]
QUESTION
3
Suppose
that
$2000
is
invested
in
an
account
paying
3%
annual
interest.
Compare
the
balance
after
20
years
using
simple
interest
and
compound
interest
(compounded
once
a
year)
formulas.
Which
investment
has
higher
interest?
[5
marks]
Page 1 of 2
BB202 Business Mathematics
Group Assignment 1
QUESTION
4
Wyn
Oil
&
Gas
Company
wishes
to
lease
temporary
office
space
for
a
period
of
six
months.
The
rental
fee
is
RM
1,500
a
month,
payable
in
advance.
Suppose
that
the
company
wants
to
make
a
lump-sum
payment
at
the
beginning
of
the
rental
period
to
cover
all
rental
fees
due
over
the
six-month
period.
If
money
is
worth
9%
compounded
monthly,
how
much
should
the
payment
be?
[3
marks]
QUESTION
5
A
knitting
shop
ordered
yarn
from
three
suppliers,
I,
II
and
III.
One
month
the
shop
ordered
a
total
of
100
units
of
yarn
from
these
suppliers.
The
delivery
costs
were
$80,
$50
and
$65
per
unit
for
the
ordered
from
suppliers
I,
II
and
III,
respectively
with
total
delivery
costs
of
$5990.
The
shop
ordered
the
same
amount
from
suppliers
I
and
III.
How
many
units
were
ordered
from
each
supplier?
Use
Gaussian
elimination
method
to
find
the
solution.
[7
marks]
QUESTION
6
Edmond
throws
a
party
each
Christmas
for
his
friends.
Details
of
his
expenditure
on
some
food
and
drink
and
average
retail
price
index
(RPI)
for
1999-2000
are
as
follows:
1999
2000
Price
(RM)
Quantity
Price
(RM)
Quantity
Soft
drink
(per
bottle)
1.00
40
1.15
50
Crisps
(per
packet)
0.20
100
0.27
90
Cake
2.00
2.20
Total
expenditure
RM62.00
RM84.00
Average
RPI
133.50
138.50
Using
1999
as
the
base
year,
calculate
Laspeyres
Price
&
Quantity
Index
for
the
year
2000.
