GARDEN CITY UNIVERSITY COLLEGE, KUMASI.

SCHOOL OF BUSINESS STUDIES

Resit Examination, 2015

MTH 101: QUANTITATIVE TECHNIQUES
June, 2015 TWO AND HALF HOURS

Answer all questions below by providing the solutions to each question on the Answer Booklet.
All questions carry equal marks.

1. a. P, Q, and R are subsets of  2, 3, 4,5, 6, 7,8, 9 . P=  x : x  6 , Q=  y : 3  y  8 , c

and R= {x : x is even }
i. Find the set  P  Q   R is
ii. The set P  R ' is

b. The Venn diagram below shows a class of students studying one or more of three
subjects, Mathematics (M), English (E), and Religion (R)


E(16)
M(22)

2
14– y 5
6
7 3

10– x
R(18)

i. Find x and y.
Find the number in the set  M  E   R
'
ii.

2. a. Solve the set of equations below using the Crammer’s Rule.

x  2 y  9z  8
3x  4 y  2 z  9
6 x  y  5 z  10
 1 1
 1 2  1 2 3 
A B
0
b. If and

1
  3 2 1
2 1

Find  AB  .
T

 1 2 9 
c. Find the inverse of 3 4 2
6 1 5 
 

3. a. Mr. Jacob Bannerman (JB) had $1000 on his weeding day, which he decided to
invest half into business at an interest rate of 5% per quarterly. How much will he
have in the business on his 40th anniversary?

b. Calculate the present valve of the following cash flows at a discount rate of 20%.

YEAR INFLOW($) OUTFLOW($)

1 150
2 100
3 200

c.Suppose that we purchase a truck for ¢1000 and we expect to use it in our business for
3years. Using the Double Declining Balance and the Straight Line Method to
calculate the total depreciation for the 3- year period? Assuming the salvage value
is ¢200.

4. Find the numbers x1 and x2 that maximize the function x1  x2 subject to the constraints

x1  2 x2  4
4 x1  2 x2  12
 x1  x2  1
x1  0
x2  0

E. Mensah-Eduful