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Answer The Following Questions: E Student's Name: ..................................... Student ID

This document contains an economics and political science final exam with 9 questions testing mathematical and financial concepts. The exam covers topics like simple and compound interest, investments, loans, and systems of equations. It provides multiple choice and short answer questions requiring calculations and problem solving around concepts like interest rates, principal, time value of money, and matrix reduction. The exam is designed to test a student's understanding of core quantitative skills for business and economics.

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Taha Wael Qandeel
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53 views8 pages

Answer The Following Questions: E Student's Name: ..................................... Student ID

This document contains an economics and political science final exam with 9 questions testing mathematical and financial concepts. The exam covers topics like simple and compound interest, investments, loans, and systems of equations. It provides multiple choice and short answer questions requiring calculations and problem solving around concepts like interest rates, principal, time value of money, and matrix reduction. The exam is designed to test a student's understanding of core quantitative skills for business and economics.

Uploaded by

Taha Wael Qandeel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
You are on page 1/ 8

Department Of Economics Time Duration: two hour

and Political Sciences Date31/12/2015

) ( ; # Instructor : Mr: Ibrahem Abed class

MATHEMATICS FOR BUSINESS FINAL EXAM


........................ :# Student’s Name: .....................................Student ID

Answer The Following Questions


Question #1: (6 Points)
a)(1points) How long will it take $5000 to earn $100 interest at interest rate 6%?

b)(2 points) Find the amount of interest earned by a deposit of $2450 for 6.5 years
at 5% compounded quarterly?

c) )(3 points) A woman can by a grandfather clock for $3000 cash or $3100 in one
year . She has the cash but can invest it at 6% .Which is more
advantageous to her and by how much now?

1
Question #2: (8 Points)

a)(3 points)On June 1 Fanger and Rampke buy merchandise amounting to $3000.
If they pay cash they will get a 2% cash discount. To take
advantageous to this cash discount, they sign a60 – day non-interest
bearing note at their bank that charges a discount rate of 14%.
What should be the face value of this note to give them the exact
amount they need to pay cash for the merchandise?

b) (3 points)Sun kang borrowed $5200 from his friend Hop Fong Yee to pay for
remodeling work on his house. He repaid the loan 10 months later
with simple interest at 7%. Yee then invested the amount in a 5– year
certificate of deposit paying 6% compounded quarterly . How much
will he have at the end of 5 years?

c) (2 points) A woman inherits $20000. Instead of taking the cash , she invests the
money at 8% converted quarterly with the understanding that she will
receive 20 equal quarterly payments with the first payment to be made
in 5 years. Find the size of the payments.

2
Question #3: (6 Points)

(3 points)
a) A 45-Year- old man puts $1000 in a retirement account at the end
of each quarter until he reaches the age of 60 and makes no further
deposits. If the account pays 8% interest compounded quarterly ,
how much will be in the account when the man retires at age 65 ?

(3 points)
b) A person hold a 1- Year note that can be cashed at any time for
its face value of $5000 or held to maturity to earn interest at
6%.Six months prior to the maturity date, the holder needs
$5000 . Would it be better for the holder to cash the note or to
borrow the money for 6 months at 10 % converted monthly ?

3
Question #4: (6 Points)

(3 points)
a) Jasspreet Kaur deposits $2435 at the beginning of each
semiannual period for 8 years in an account paying 6%
compounded semiannually . She then leaves that money alone ,
with no further deposits, for an additional 5 years. Find the final
amount on deposit after the entire 13 – year period?

(3 points)
b) Hong Le buys a car costing $6000. He agrees to make payments
at the end of each monthly period for 4 years. He pays 12%
interest , compounded monthly .

1) What is the monthly periodic payment?

2) Find the total amount of interest Le will pay?

4
Question #5: (5 Points)
Find the X- and Y- intercepts of the graph of the following equation
Y  2X  3X 3 . Also test for Symmetry about the X-axis, the Y-axis, or
the origin. Do not sketch the graph

Question #6: (6 Points)


If f  x   x g  x   x 2  2x , Find
2
and
)a  f  g x 

f
)b g x 

c)  f  g  x 

d)  f  g  (x)

e) (fg )  x 

f)  g  f   3

5
Question #7: (7 Points)
a) Solve the following equations:-

1) X 2  9X   14

2) X 3  64 X  0

3) X 1  X 67

b) Find the domain of the following functions:-


x
1) f  x   x  8

1
2) H (z ) 
z

3) Y  4x  3

x
4) f  x  
x 1

6
Question #8: (8 Points)
a manufacturer produces three products, A, B, and C. The profits for each
unit sold of A, B, and C, are $1, $2, and $3, respectively. Fixed costs are
$17000 per year and the costs of producing each unit of A, B, and C are $4,
$5, and $7, respectively. Next year, a total of 11000 units of all three
products is to be produced and sold, and a total profit of $25000 is to be
realized. If total cost is to be $80000, how many unites of each of the product
will be produced next year(by using matrix reduction

7
Question #9: (8 Points)

Solve the following system by using Grammar's rule


2x  y  3z  12
x  y  z  3
x  2 y  3z  10

Formulas
I  p . r. t , D  S .d .t , S  p( 1  r. t ) , S  p 1 i n

  1  i  n  1 1  1i  n 
Sn  R   , An  R  
 i   i 

1 i 
n
 1 1  1 i 
n

S n (due )  R   1  i  , A n (due )  R   1  i 
 i   i 

1 i 
n
 1 1  1 i 
n

 1  i   1  i 
p m
S n (for )  R  , A n (def )  R 
 i   i 

Good Luck

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