Question 1: 1.1. Which of the following interest rates provide the best return on an investment? a) 12,2% p.a. compounded monthly b) 13% p.a. compounded semi-annually ©) 12,5% p.a. compounded daily ” 1.2. If a company bought equipment for R390 000, how much will it be worth after 4 years if depreciation is calculated at 13,5%p.a. 1.2.1 on the straight-line method 3) 1.2.2. on the reducing balance method 4) 1.3. linvest R10 000 into a savings account. If after 12 years my investment is worth double, what was the interest rate if it was compounded monthly? ©) 1.4. | deposit R5000 into a bank account. Two years later | deposit another R850. The interest rate is calculated at 10,5%p.a. compounded quarterly for the first 4 years and at 11,2% compounded monthly for the rest of the time. How much will have in my account at the end of 8 years? ® 1.5. Farmer Jack has bought a new tractor for R670 000. 1.5.1. What will the book value be after 4 years if the tractor depreciates at 14% p.a. on the reducing balance? @ 1.5.2. If the inflation rate is 6% p.a., how much will Farmer Jack have to pay for a new tractor in 4 years’ time? (4) 1.5.3. He decides to set up a sinking fund to save up for a new tractor in four years’ time. He deposits R70 000 into the fund at the end of each year, ‘starting at the end of the first year. If interest is calculated at 12% pa. compounded quarterly, how much will he have accumulated by the end of 4 years? )1.5.4. If Farmer Jack sells his old tractor at book value and uses the money as Payment towards the new tractor as well as the money he has accumulated in the sinking fund, will he have enough to buy the new tractor in four years time? If not, how much will he still need? @) (50) Question 2: Find the equation of the line that 2.1. passes through the points (-2; 5) and (1; 3) 4 2.2. is perpendicular to 2y+x=3 and passes through the point (1:4). (4) (8) Question 3: BARDIEN’S Maths Tuition 084 407 6977 3.1. Prove that ABC is an isosceles triangle. ) 3.2 Find the coordinates of D, such that ABCD is a parallelogram. (4) [10] Question 4: P(x; 2) is the midpoint of M(-2; 5) and B(8; -1) 4.1. Find the value of x ® 4.2. Find q if the distance between the point (0; -4) and (q; 0) is 5. (4) 4.3. Find the equation of the perpendicular bisector of MB. (4) 4.4. At what point does the perpendicular bisector of MB intersect with the line y=x+2?7 (4)Question 2: 24 22 23 5000 is deposited into a savings account and three years later a further deposit of R3800 is added to the savings. Calculate the amount of money in the account at the end of 8 years is the interest rate is 12% p.a. compounded monthly for the first 4 years and then changes to 13% p.a. compounded half-yearly for the remainder. 6) A bank offers a nominal interest rate of 14,5%p.a. compounded quarterly on a savings account. 2.2.1 Calculate the effective annual interest rate. Q) 2.2.2 What would be the equivalent interest rate if the interest was compounded monthly? @) A bus company has just bought a new bus for R820 000. 2.3.1. Determine the rate of depreciation if by the end of 5 years the book value of the bus is R363838, Depreciation is calculated on the reducing-balance. @) 2.3.2. In order to replace the bus in 5 years, the company sets up a sinking fund to save money to buy the new bus at the end of § years. The company deposits R80 000 at the end of each year and interest is calculated at 11% P.a. compounded annually. How much money will be in the sinking fund at the end of the 5 years? ©) 2.3.3 Anew bus will cost R1 000 000 in 5 years’ time. The company will use the money received from trading in the old bus at book value as well as the money in the sinking fund to purchase the new bus. Calculate how much additional money will still be needed to purchase it. 2) [20] Question 3: 34 For each pattern, write the next three terms and determine the n™ term: 3.44 @) 31.2 @) 3.4.3 12;17;22;.. 3) 3.1.4 4;9;18;3. (5)