Advent Hill, Schieflin Township

Margibi County, Liberia

2019/2020 2nd Semester
General Business Mathematics (MTBU 105) Final Exam
Direction: You are required to answer four questions or problems from the
exam, but #10 is compulsory
1. Find the amount of interest on each loan:
a. 9,000 at 14% for 28days
b. 800 at 12.5% for 80 days
c.12,000 at 5% for 2 years
2. Find the amount when interest is compounded semiannually on:
a. 4,000 at 5% for 5 year
b.16,000 at 4.25% for 8 years
c. 2,300 at 6% for 15 years
3. Solve the following problems:
a. A man deposited 210,000dollars in his fixed deposit account, and the bank
paid 2% half-yearly. How much is the depositor’s simple interest after 1 year
and 9 months?
b. A certain money was deposited in a bank, after 1.5 years, a simple interest
of 1,500 dollars at the rate of 3% was paid on the deposit .How much was the
deposit?
c. A teacher miscalculated a student grade during the semester. The student
scored 39 in the final exam, but the teacher mistakenly recorded 78. What is
the percentage error in recording the student’s grade.
4. Find the selling price from the following:
a. cost price is 250, 8% gain
b. cost price is25,000,5.5% loss
c. cost price is 520,00o, 12.5 loss
5. Find the percentage gain or loss of the following:
a. SP 720, profit after sales 120
b. SP 18,000,loss after sales 4,500
c. SP 10,000, profit after sales 3,300
5.What is the selling price of the following, correct your answer to the
nearest whole number:
a. Cost price is 520,12% profit on selling price
b. Cost price is 1,500,10% loss on selling price
c. Cost price is 52,000 ,24% loss on selling price
6. Find the cost price from the following:
a.25 gain, 15% gain
b.21 loss, 5% loss
c.125 gain, 8% gain
d.500gain, 12.5% gain
7. What will be the principle in the following:
a. 6,600 from September 29 to December 25 at 3.5%.
b.7,500 from May 5 to October 26 at 5%
c.4,800 interest in 4 years at 3%
8. Find the commission of the following:
a. Sales 650,000 ,5% commission
b. Sales 250,000, 21% commission
c. Sales 672,000, owner receives 610,000
9. Find the discount of the following:
a. 10% of 6500
b.12% of 2,100
c.9.25% of 3,200
10. The cash price of a color TV is 36,000. To buy the TV on hirp purchase
cost, a deposit of 24,000 and 24 monthly payment of 2,800.
a. What is the total hirp purchase cost of the color TV?
b. Calculate the difference between the cash price and hirp purchase