AMOUD FACULTY OF CUMPUTING

UNIVERSITY & INFORMATICS

Date: 19th April 2021

Course Cod: BBI 6421
Course Title: Management Mathematics
Course Work: 1

Instructions: Your document must:

i. Show your correct ID number. Student ID’s: ………, …….., …….., …….., ……..
ii. NOT be similar to your colleague’s. This will lead to automatic cancellation of the results of
both students with score of zero.
iii. Answer each question in the spaces provided after each question. No extra paper is allowed.
iv. Be submitted on Tuesday 26th April 2021. Late submission will NOT be accepted.

TASK 1
1. A company was established by three share holders. Mohamed invest $2,000, Mouse invested
$7,500 and Jirde invested $6,550. In one year the company earns a profit of 22,000. Find the
profit that each share holder will earn.
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2. Ahmed and Osman are friends. Ahmed works MECAAD Group company and gets $110 for
60 hours work in a week, where as Osman MBC Supermarket and gets $158 for 72 hours
work in a week.
a. Find their rate of pay.
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 b. Find their monthly payments. (Hint: If the month contains 4 weeks)
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c. Which of them get the most rate of pay?
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3. A greengrocer buys fruit and vegetables from the market and sells them at a 25% mark up.
On one particular morning, her fruit and vegetables cost her $500. If she sells all of her
produce, find:
a. Her profit
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b. Her total income.
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4. The cost 20 cows is $1400. How much do 360 cows will costs?
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5. A shopkeeper decides to increase some prices by 10%. By how much would she increase the
price of:
a. A loaf of bread costing sh1000.
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 b. A packet of cereal costing $12.
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6. Jamil borrows $5400 from the finance company to buy his first car. The rate of compound interest is
13% per annum and he borrows the money over a 5 year period. Find:
a. The amount Jamil must repay the finance company?
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b. The interest is earned by the bank?
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c. His equal monthly repayments? Hint: There are 60 months in 5 years
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7. You have $8000 to invest for 3 years and there are 2 possible options you have been offered:
Option 1: Invest at 9% p.a. simple interest.
Option 2: Invest at 8% p.a. compound interest.
a. Calculate the amount accumulated at the end of the 3 years for both options and decide which
option to take.
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b. Would you change your decision if you were investing for 5 years?
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8. A real estate agent gets a commission of 5% for selling a house and 3.7% for selling a block of land.
How much commission did they get if they sell a house for $27,000 and a block of land for $6,000.
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9. In an election, candidate A got 67% of the total valid votes. If 18% of the total votes were
declared invalid and the total numbers of votes is 89,000,000. Find the number of valid vote
polled in favour of candidate A.
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10. The cost price of the car was 28,000,000 of Somaliland shillings. Its value depreciated at 9%
after each year. Calculate the cost price of the car after 5 years.
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11. Sarah buys a car costing $12,500. It depreciates in value by 8% in the first year, 10% in the
second year and 5% in the third year. What is the car worth after 3 years?
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12. A building was valued at $89,000. The value of building appreciated 2.75% in each year.
What will be the value of the building after three years.
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THE END