CONFIDENTIAL 1 CS/FEB 2022/MAT112

UNIVERSITI TEKNOLOGI MARA

FINAL ASSESSMENT

COURSE : BUSINESS MATHEMATICS

COURSE CODE : MAT112
EXAMINATION : FEBRUARY 2022
TIME : 3 HOURS

INSTRUCTIONS TO CANDIDATES

1. This question paper consists of two (2) parts : PART A (8 Questions)

PART B (3 Questions)

2. By the end of the three (3) hours you will have another 30 minutes to upload your answer in
pdf form. Submit your answer script according to instruction from your lecturer.

3. Uploading should take within 30 minutes after the examination ends. Any answer received
after 30 minutes of the given time would not be marked.

4. Answer ALL questions in English.

DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO

This examination paper consists of 5 printed pages
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CONFIDENTIAL 2 CS/FEB 2022/MAT112

PART A

QUESTION 1

RM3,500 was deposited into an account on 12 July 2020. If the simple interest rate was
4.65% per annum, find the amount in the account on 26 November 2020 using exact time
and exact simple interest.
(5 marks)

QUESTION 2

Anzalna now needs RM20,000 to start a food business. Find how much she should borrow
from a bank for 3 years at 6.8% bank discount rate.
(5 marks)

QUESTION 3

Deborah deposited RM7,500 into a bank account that paid an interest rate of 5.5%
compounded every 6 months. Find the interest earned after 3 years.
(5 marks)

QUESTION 4

Jeremiah invested RM100 every month into his Paradise Mutual Fund account for 8 years at
an interest rate of 6% compounded monthly. Find the future value at the end of the
investment period.
(5 marks)

QUESTION 5

The cash price of a desktop is RM3,800. Amar purchased the desktop by paying RM500
down payment. The balance was to be paid by making monthly payments for 2 years. If the
interest charged is 4% per annum on original balance, find the instalment price.
(5 marks)

QUESTION 6

An invoice of RM7,500 has been received by a retailer with trade discounts of 10%, 7% and
5%. Find the amount of discount obtained.

(5 marks)

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CONFIDENTIAL 3 CS/FEB 2022/MAT112

QUESTION 7

A retailer bought a washing machine at RM650 with 10% trade discount. If the retailer
decided to obtain 15% markup based on selling price, find the selling price of the washing
machine.
(5 marks)

QUESTION 8

Medina Enterprise bought a photocopy machine that costs RM4,500. If the company
decided to use the reducing balance method to depreciate the photocopy machine at a rate
of 27.52%, find the book value for the second year and the depreciation amount for the third
year.
(5 marks)

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 4 CS/FEB 2022/MAT112

PART B

QUESTION 1

a) ABC Company Sdn. Bhd. received an invoice of RM35,000 dated 24 May 2020 with
trade discounts of 20%, 15% and cash discount term of 8/15, 5/20, n/30. The
transportation cost was RM200. Find:

i) the single discount equivalent rate to the trade discounts given.

(3 marks)

ii) the total amount of payment if the payment was made on 10 June 2020.
(5 marks)

b) An online seller bought 100 boxes of face mask for RM5 each. The operating expenses
incurred was 15% of the selling price. The seller wants to resell the face mask at a net
profit of 19% based on cost per box.

i) Find the total selling price.

(6 marks)

ii) What is the maximum percentage of mark down that could be offered without
incurring any loss?
(6 marks)

QUESTION 2

a) Amirah received a 130-day promissory note at 5% simple interest rate on 10 May 2021.
She discounted the note at discount rate of 6% on 18 August 2021. The proceeds she
received were RM7,200. Find the maturity value of the note.
(6 marks)

b) Five years ago, Faiz deposited RM5,000 into a saving account that paid interest at 6.5%
compounded monthly. Today, another RM10,000 is deposited into the same account.
Find the accumulated amount at the end of 8 years from the initial deposit.
(8 marks)

c) A lawn mower machine has a scrap value of RM6,900 at the end of 10 years. The book
value at the end of the third year is RM13,690. Find the cost of the lawn mower using
the straight line method.
(6 marks)

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL 5 CS/FEB 2022/MAT112

QUESTION 3

a) Faizal purchased an electric motorcycle at RM8,500 through an instalment payment.

The purchase was made by a down payment of RM1,500 and monthly instalments for 5
years. If the interest charged is 4% on reducing balance, find:

i) the monthly payment of the electric motorcycle.

(5 marks)

ii) the outstanding balance if Faizal decides to settle the loan immediately after the 24th
payment by using Rule of 78.
(3 marks)

b) Herman bought a terrace house at RM650,000. He paid a 10% down payment and the
balance was financed by taking a loan for 25 years. The interest charged was 5%
compounded monthly.

i) Find the monthly payment and interest charged.

(6 marks)

ii) If the loan is settled 5 years earlier than the actual period through a single payment,
find this single payment.
(6 marks)

END OF QUESTION PAPER

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CONFIDENTIAL APPENDIX CS/FEB 2022/MAT112

LIST OF FORMULAE

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d r
3. r  4. d 
1  dt 1  rt

 1  i n  1 
5. S  P 1  i  6. S  R  
n

 i 
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7. A  R  8. SP  C  M
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9. GP  OE  NP 10. NP  LP 1  d1 1  d2  ... 1  dn 

2m I S
11. r  12. r  1  n
B n  1 C

 k k  1 
13. BVn  C 1  r 
n
14. OPB  R  k   I  
 n n  1 

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL