CONFIDENTIAL = CSISEP 2015/MAT112 UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION COURSE BUSINESS MATHEMATICS COURSE CODE MAT112 EXAMINATION SEPTEMBER 2015 3 HOURS INSTRUCTIONS TO CANDIDATES 1 This question paper consists of two (2) parts: PART A (8 Questions) PART B (3 Questions) 2 ‘Answer ALL questions in the Answer Booklet. Start each answer on a new page. 3 Calculator can be used. 4 Do not bring any material into the examination room unless permission is given by the invigilator. 5 Please check to make sure that this examination pack consists of ’) the Question Paper ii) aone— page Appendix 1 (Tax Rate Schedule For Personal Income) iil) a one page Appendix 2 (List of Formula) iv) an Answer Booklet ~ provided by the Faculty 6 Answer ALL questions in English DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO This examination paper consists of 6 printed pages: © Hak Cipta Universiti Teknologi MARA CONFIDENTIALCONFIDENTIAL, 2 CSISEP 2015/MAT112 PARTA QUESTION 1 Given a sequence 4, 12, 36,... . Find the 8" term of the sequence. (5 marks) QUESTION 2 Maria deposits RM3,500 in a bank that offers 5% simple interest. Find the amount after 4 years 3 months. (5 marks) QUESTION 3 ‘A loan of RM10,000 was charged a simple discount rate of 6%. If the proceeds received were RM9,800, find the discount. Hence find the discount period in days. (marks) QUESTION 4 M100 is deposited every 3 months into an account for 10 years. Calculate the accumulated amount if the interest rate is 4% compounded quarterly. (S marks) QUESTION 5 John plans to invest RM725 in an account that offers 7% interest rate compounded ‘semiannually for 4 years. Find the amount of interest earned. ( marks) QUESTION 6 A refrigerator that cost RM5,000 was purchased by making 30 monthly payments of RM200 each. Find the outstanding balance just after the 18" payment using the Rule of 78. (5 marks) (© Hak Cipta Universiti Teknologi MARA CONFIDENTIALCONFIDENTIAL 3 CSISEP 2015/MAT112 QUESTION 7 The net price of an item is RM3,600. Find the list price of the item if the discount rate is 25%. (5 marks) QUESTION 8 A xerox machine was purchased for RMS55,000. It has an estimated useful life of 10 years with a scrap value of RM15,000. Compute the depreciation for the fifth year using the straight line method. (6 marks) (© Hak Cipta Universiti Teknologi MARA, CONFIDENTIALCONFIDENTIAL, 4 CSISEP 2015/MAT112, PARTB QUESTION 1 a) On 5" January 2015, Puan Suria received an invoice and the price of the items listed in the invoice were as follows: Ttem Price (RM) Tables 4,800 Chairs 2,600 Bookshelf 3,000 The trade discounts given were 10%, 7.5% and the cash discount terms were 6/10, 3/20, n/30. The transportation cost was RM350. Find the amount of payment if Puan Suria paid the invoice on 20" January 2015. (8 marks) b) Mr. Boon is a single parent with two children. One of the son is pursuing his degree at a local university, while the other one is in secondary school. Mr. Boon spent RM750 on books and he paid RM1,200 for life insurance premiums. He contributed RM550 per month for EPF. He also donated RM720 to the World Vision organization, His monthly income was RM5,000. Calculate his total tax payable. (12 marks) QUESTION 2 a) Syahirah received a promissory note valued at RM8,550 for 115 days with an interest rate of 5.5% per annum. The note matured on 28 May 2014. Find: i) the date of the note. (5 marks) ii) the maturity value of the note. (5 marks) b) A trader bought 5 furniture sets for RM40,000. He then sold the sets with a markup of 36% based on selling price. The operating expenses were 10% on cost. Compute: i) the selling price per set. (6 marks) ii) the total net profit. (4 marks) (© Hak Cipta Universiti Teknologi MARA CONFIDENTIALCONFIDENTIAL, 5 CSISEP 2015/MAT112 QUESTION 3 a) An air conditioning unit with a cash price of RM3,000 is purchased through an installment plan. The customer has to pay 10% down payment and the balance will be settled on a monthly basis for 10 months. The dealer charges an interest of 10% per annum based on reducing balance. By using the constant ratio formula, compute the interest charged. (7 marks) b) Miss Yen invested RM P into an account that paid 5% interest compounded monthly. After 8 years, the investment will be used to pay the RM150,000 down payment for a condominium that cost RM650,000. The balance of the payment will be financed by a bank that charges 4.85% interest compounded monthly for 20 years. She plans to pay equal monthly payments to settle the debt. ’) Find P. (6 marks) ji) Calculate the monthly payment that she has to pay for the loan. (7 marks) END OF QUESTION PAPER ‘© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL,CONFIDENTIAL APPENDIX 1 CSISEP 2015/MAT112 TAX RATE SCHEDULE FOR PERSONAL INCOME Chargeable Income Rate Tax (%). (RM) On the first 2,500 0 0 On the next 2,500 0 0 On the first 5,000 0 On the next 5,000 2 | 100 | | | | On the first | 10,000 100 On the next 10,000 2 200 | On the first 20,000 300 On the next 15,000 6 900 On the first 35,000 4,200 ‘On the next 15,000 1 1,650 On the first 50,000 2,850 On the next 20,000 19 3,800 On the first 70,000 6,650 On the next | 30,000 24 7,200 On the first 100,000 13,850 On the next Every RM after 26 — (© Hak Cipta Universiti Teknolog! MARA CONFIDENTIALCONFIDENTIAL, APPENDIX 2 CSISEP 2015/MAT112 LIST OF FORMULA 1. Ty=at(n—d 2S, ~Flea+ inn] 3. Ty=art? 5. S=P(1+1) 9. S=P(1+i)" los afte | t1.aen[ te)" 12. SP=C+M 13. GP =OE+NP. 14. ene (1-d,) i ae 16.r= | 17. BV, =C(1-r)" 18. ope = xt) -1[ Me nn+1), alt (© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL