CONFIDENTIAL CD/JUL 2023/MAT112
UNIVERSITI TEKNOLOGI MARA
FINAL EXAMINATION
COURSE : BUSINESS MATHEMATICS
COURSE CODE : MAT112
EXAMINATION : JULY 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
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CONFIDENTIAL 2 CD/JUL 2023/MAT112
QUESTION 1
a) RM9,250 was deposited into an account on 25 April 2020. If the simple interest rate was
4.5% per annum, find the amount in the account on 8 September 2020 using exact time
and exact simple interest.
(5 marks)
b) Encik Fadli borrows RM9,600 for 34 months at 7.1% per annum simple interest.
Determine the amount of interest charged.
(3 marks)
c) Zainal received a 120-day promissory note from Zeti on 11 January 2022, with 10%
simple interest. He then sold the note 30 days before the maturity date at a discount rate
of 9% and received RM14,358.17.
i) Determine the maker of the note.
(1 mark)
ii) Find the maturity value and bank discount amount.
(5 marks)
iii) Find the discount date.
(2 marks)
iv)Find the face value of the note.
(2 marks)
v) Calculate the amount of interest earned by Zainal.
(2 marks)
QUESTION 2
a) Hakimi saved RM4,000 in his savings account at an interest rate of 6% compounded
semi-annually. Two years later, he saved another RM5,000. Find the accumulated
amount in his account three years after the first saving.
(6 marks)
b) Nizam invested RM3,200 in an investment scheme that offers k% interest compounded
every two months. At the end of six years, the accumulated amount was RM7,376. Find
the interest rate, k.
(4 marks)
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CONFIDENTIAL 3 CD/JUL 2023/MAT112
c) Furry Pet Shop received an invoice dated 20 June 2022 for the purchase of 120 packs of
cat food at RM57 each. The retailer was offered trade discount of 20% and 7% and cash
discount terms of 5/10, 2/20, and n/30. The transportation cost was RM105. Find
i) the single discount equivalent to the trade discounts given.
(2 marks)
ii) the last day to receive 5% and 2% cash discount.
(3 marks)
iii) the total amount to be paid if the payment was made on 7 July 2022.
(5 marks)
QUESTION 3
a) Aurora borrows RM90,000 at 4.2% compounded monthly from a bank. She intends to
settle the loan by making 120 monthly repayments. Find the monthly repayment of the
loan.
(4 marks)
b) Mr. Koo saved RM110 every three months in his saving account that pays 6.05%
compounded quarterly. Find the accumulated amount in his account after five years.
(4 marks)
c) A condominium costing RM650,000 cash is purchased by making a 10% down payment.
The balance is to be paid in equal monthly installments of RM3,055.64. The interest
charged was 3.9% compounded monthly.
i) Calculate the number of equal payments required.
(5 marks)
ii) If the buyer fails to pay the first four monthly installments, how much should the buyer
pay on the fifth payment to settle all the outstanding arrears?
(5 marks)
QUESTION 4
a) A baby store marked down a baby stroller by 25% and sold it for RM675. Find the
stroller's original selling price before the markdown.
(4 marks)
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CONFIDENTIAL 4 CD/JUL 2023/MAT112
b) A boutique owner bought 200 lipsticks for RM1,600. She then sold the lipsticks and
wanted to make a 30% net profit based on the selling price. If the operating expenses
incurred in selling the lipsticks were 12% of the cost, find
i) the selling price for each lipstick.
(6 marks)
ii) the maximum percentage of markdown that could be offered so that no loss is
incurred.
(6 marks)
QUESTION 5
a) Samsol bought a bedroom set with a mattress from a furniture shop for RM25,000 and
paid a down payment of 20%. He made 15 monthly payments to settle the balance with a
15% interest on a reducing balance rate. Find the amount of interest charged using the
constant ratio formula.
(4 marks)
b) The cash price of a dryer machine is RM3,000. Under an instalment plan, Sarah wants to
buy the machine without a down payment and make 40 weekly payments. If the interest
charged is 13% based on the original balance, find
i) the amount of interest charged.
(3 marks)
ii) the weekly payment.
(3 marks)
iii) the instalment price.
(2 marks)
iv) the outstanding balance if Sarah wishes to settle the loan immediately after the 30th
payment by using the Rule of 78.
(4 marks)
c) A farm tractor costs RM40,000. It has a life expectancy of 22 years with a scrap value of
RM10,500. By using the straight-line method, find the book value of the tractor at the end
of 11 years.
(5 marks)
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CONFIDENTIAL 5 CD/JUL 2023/MAT112
d) A company bought a grass-cutting machine for RM3,570. The machine is expected to last
six years and its salvage value at the end of six years is RM520. Find the book value of
the machine after four years using the declining balance method.
(5 marks)
END OF QUESTION PAPER
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CONFIDENTIAL APPENDIX CD/JUL 2023/MAT112
LIST OF FORMULA
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13. BVn C(1 r ) n k k 1
14. OPB R k I
nn 1
© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL
