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Class 12 - Applied Mathematics

Term-2 Sample Paper-01

Maximum Marks: 40
Time Allowed: 2 hours

General Instructions:

The question paper is divided into 3 sections – A, B and C

Section A comprises of 6 questions of 2 marks each. Internal choice has been provided in two
questions.
Section B comprises of 4 questions of 3 marks each. Internal choice has been provided in one question.
Section C comprises of 4 questions. It contains one case study based question. Internal choice has been
provided in one question.

Section A
1. Suppose when x units of a commodity are produced, the demand is p(x) = 58 - x2 rupees 12 per unit,
and the marginal cost is MC = 6 + . Assume that there is no overhead. Find the:
i. total 4 revenue and marginal revenue,
ii. the value of x that maximizes profit.

OR

Evaluate:
2. What annual rate compounded continuously is equivalent to an effective rate of 10%?
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OR

If money is worth 5% compare the present value of a perpetuity of ₹2,000 payable at the end of each
year with that of an ordinary annuity of ₹2,000 per year for 100 years. (Given (1.05)-100 = 0.0076)
3. The following data are from a simple random sample: 5, 8, 10, 7, 10, 14.
i. What is the point estimate of the population mean?
ii. What is the point estimate of the population standard deviation?
4. Construct 5-yearly moving averages from the following data of the number of industrial failures in a
country during 2003-2018:
Year No. of failures Year No. of Failures

2003 23 2011 9

2004 26 2012 13

2005 28 2013 11

2006 32 2014 14

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2007 20 2015 12

2008 12 2016 9

2009 12 2017 3

2010 10 2018 1
5. A diet is to contain atleast 80 units of Vitamin A and 100 units of minerals. Two foods F1 and F2 are
available costing ₹5 per unit and ₹6 per unit respectively. One unit of food F1 contains 4 units of
vitamin A and 3 units of minerals whereas one unit of food F2 contains 3 units of vitamin A and 6 units
of minerals. Formulate this as a linear programming problem. Find the minimum cost of a diet that
consists of a mixture of these two foods and also meets minimum nutritional requirements.
6. The value of a car depreciates by 12.5 % every year. By what percent will the value of the car decrease
after 3 years?
Section B
7. Evaluate:
8. The production of soft drink company in thousands of litres during each month of a year is as follows:
Jan Feb March April May June July August Sept. Oct. Nov. Dec.

1.2 0.8 1.4 1.6 1.8 2.4 2.6 3.0 3.6 2.8 1.9 3.4

Calculate the five monthly moving averages and show these moving averages on a graph.

OR

Construct 3-yearly moving averages from the following data:

Year: 2010 2011 2012 2013 2014 2015 2016

Imported cotton consumption in

129 131 106 91 95 84 93
India (in '000 bales):
9. Find the student's -t for the following variable values in a sample of eight:
-4, -2, -2, 0, 2, 2, 3, 3 taking the mean of the universe to be zero.
10. A company ABC Ltd has issued a bond having a face value of ₹10,000 paying annual dividends at 8.5%.
The bond will be redeemed at par at the end of 10 years. Find the purchase price of this bond if the
investor wished a yield rate of 8%. (Given (1.08)-10 = 0.46319349)
Section C
11. Solve the following LPP graphically:
Minimize Z = 3x + 5y
Subject to
-2x + y 4
x+y 3
x - 2y 2
x,y 0
12. Vivek invests ₹4500 in 8%, ₹10 shares at ₹15. He sells the shares when the price rises to ₹30 and invests
the proceeds in 12% ₹100 shares at ₹125. Calculate
i. the sale proceeds
ii. the number of ₹125 shares he buys
iii. the change in his annual income from dividend.

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13. Define EMI. What does it require for calculations? Explain its method.

OR

A firm anticipates an expenditure of ₹ 500000 for plant modernization at end of 10 years from now.
How much should the company deposit at the end of each year into a sinking fund earning interest 5%
per annum?
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14. The annual average rate of change of population size, for a given country, territory, or geographic area,
during a specified period is called the Annual population growth rate. It expresses the ratio between
the annual increase in the population size and the total population for that year, usually multiplied by
100. The annual increase in the population size is defined as a sum of differences: the difference
between births fewer deaths and the difference between immigrants fewer emigrants, in a given
country, territory, or geographic area at a given year.

i. The population of a city increases at a rate proportional to the number of inhabitants present at
any time t. If the population of the city was 200000 in 1990 and 250000 in 2000, what will be the
population in 2010?
ii. The rate of growth of a population is proportional to the number present. If the population of a city
doubled in the past 25 years, and the present population is 100000, when will the city have a
population of 500000? [Given loge 5 = 1.609, loge 2 = 0.6931.]

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Class 12 - Applied Mathematics

Term-2 Sample Paper-01

Solution

Section A
1. i. P and R denote respectively the profit function and the revenue function. Then,
R = xp(x) R = 58x - x3
MR = = 58 - 3x2
ii. We know that
= MR - MC

= (58 - 3x2) - (6 + )

= 52 - and =
For maximum profit, we must have
=0 52 - =0 x2 = 16 x=4

When x = 4, = 4<0
Hence, profit is maximum when x = 4

OR

Let,

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2. We know that the annual rate r compounded continuously equivalent to the effective rate re is given by
r = (2.3025) log (1 + re)

Here, re = = 0.1
r = (2.3025) log 1.1 = 2.3025 0.0414 = 0.0953
Hence, the annual rate is 9.53%.

OR

Let P be the present value of a perpetuity of ₹2,000 payable at the end of each year when money is
worth 5%. It is given that
i= = 0.05 and R = 2,000

P= P=₹ = ₹40,000
Let P1 be the present value of an ordinary annuity of ₹2,000 per year for 100 years. Then,

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P1 = R

We have, R = 2,000, i = = 0.05 and n = 100

P1 = ₹2,000 = ₹2,000 =₹ = ₹39,696

We observe that the present value of the perpetuity is more than that of ordinary annuity.
3. Given sample data is
5, 8, 10, 7, 10, 14 and n = 6.
i. The point estimate of population mean is sample mean.

= =9
ii. The point estimate of population standard deviation is sample standard deviation.

Now, (x1 - )2 = (5 - 9)2 + (8 - 9)2 + (10 - 9)2 + (7 - 9)2 + (10 - 9)2 + (14 - 9)2
= 16 + 1 + 1 + 4 + 1 + 25
= 48

s = 3.1
4. Computation of moving averages
5-yearly moving 5-yearly moving
Year No. of failures
totals averages

2003 23 - -

2004 26 - -

2005 28 129 25.8

2006 32 118 23.6

2007 20 104 20.8

2008 12 86 17.2

2009 12 63 12.6

2010 10 56 11.2

2011 9 55 11.0

2012 13 57 11.4

2013 11 59 11.8

2014 14 59 11.8

2015 12 49 9.8

2016 9 39 7.8

2017 3 - -

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2018 1 - -
5.
F1 F2

Cost ₹ 4(x) ₹ 6(y)

Vitamin A 3 units 6 units

Minerals 4 units 3 units

Minimize Z = 4x + 6y
i. 3x + 6y 80
ii. 4x + 3y 100
iii. x 0;y 0

x 24 0 8

y 8.3 9.2

x 20 10

y 0 20
should region is the solution region
,Z=

, Z = 104

, Z = 200
6. Let the present value of the car be ₹P, then

value of the car after 3 years = P(1 - i)3 = P

=P =P

Decrease in the value of car = P - P =P

Percentage decrease in the value of the car after 3 years

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= % = 33 %
Section B
7. Let
Let 5x + 3 = (2x - 1) +
Comparing both sides, we get
2 = 5 and - + = 3
and =3
and

8. Calculation of five monthly moving averages:

Production of soft
5 monthly moving
Month drink 5 monthly totals
averages
(in thousands litres)

January 1.2 - -

February 0.8 - -

March 1.4 6.8 1.36

April 1.6 8.0 1.6

May 1.8 9.8 1.96

June 2.4 11.4 2.28

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July 2.6 13.4 2.68

August 3.0 14.4 2.88

September 3.6 13.9 2.78

October 2.8 14.7 2.94

November 1.9 - -

December 3.4 - -
These moving averages are plotted on the following graph:

OR

Construction of 3-yearly moving average

Imported cotton
3-yearly moving 3-yearly moving
Year consumption in India
totals averages
(in '000 bales)

2010 129 - -

2011 131 366 122.00

2012 106 328 109.33

2013 91 292 97.33

2014 95 270 90.00

2015 84 272 90.66

2016 93 - -
9.

-4 -4.25 18.0625

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-2 -2.25 5.0625

-2 -2.25 5.0625

0 -0.25 0.0625

2 1.75 3.0625

2 1.75 3.0625

3 2.75 7.5625

3 2.75 7.5625

= 49.5000
= mean

=
= 0.25
Now, compute the standard deviation using formula as,

= 2.659
H0 = The mean of universe, = 0, we get

= 0.2659
10. It is given that:
F = Face value of the bond = ₹10,000
n = Number of periodic dividend payments = Preiod of redemption = 10
i = Annual yield rate = = 0.08
R = Annual dividend = 8.5% of face value = ₹( 10,000) = ₹850
The bond is redeemed at par
C = Redemption price or Maturity value = Face value = ₹10,000
Let V be the purchase price of the bond. Then,

V=R + C(1 + i)-n

V=₹ + 10,000 (1 + 0.08)-10]

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V = ₹[ {1 - (1.08)-10} + 10,000 (1 + 1.08)-10]

V = ₹ {10,625 (1 - 0.46319349) + 10,000 0.46319349}
V = ₹ (10,625 0.53680651 + 10,000 0.46319349)
V = ₹ (5703.57 + 4631.93) = ₹10,335.50
Hence, the purchase price of the bond is ₹10,335.50
Section C
11. Converting the inequations into equations, we obtain the lines -2x + y = 4, x + y = 3, x - 2y = 2, x = 0 and y
= 0.
These lines are drawn on a suitable scale and the feasible region of the LPP is shaded in Figure.

Now, give a value, say 15 equal to (1 c.m. of 3 and 5) to Z to obtain the line 3x + 5y = 15. This line meets
the coordinate axes at P1(5, 0) and Q1(0, 3). Join these points by a dotted line. Move this line parallel to
itself in the decreasing direction towards the origin so that it passes through only one point of the
feasible region. Clearly, P3Q3 is such a line passing through the vertex P of the feasible region. The
coordinates of P are obtained by solving the lines x - 2y = 2 and x + y = 3. Solving these equations, we
get x = and y = . Putting x = and y = in Z = 3x + 5y, we get
Z=
Hence, the minimum value of Z is at x = ,y=
12. Market value of ₹10 share is ₹15, investment = ₹4500.
₹
The number of shares purchased by Vivek = = = 300
₹
i. Selling price of one share = ₹30
Selling price of 300 shares = ₹(30 300) = ₹9000.
Hence, Vivek's sale proceeds = ₹9000.
ii. He invests his proceeds in 12% ₹100 shares at ₹125.
Investment = ₹9000, market value of one share = ₹125.
₹
The number of new shares bought = = 72
₹
iii. Annual income (dividend) from previous shares

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= number of shares rate of dividend face value of one share

= 300 10 = 240
Annual income (dividend) from new shares = number of shares rate of dividend face value of
one share
= 72 100 = 864
Change in income = ₹864 - ₹240 = ₹624 (increase)
13. EMI or equated monthly installment, as the name suggests, is one part of the equally divided monthly
outgoes to clear off an outstanding loan within a stipulated time frame.
The calculation of EMI requires three inputs: the total principal amount, interest rate, and term of the
loan. There are two methods to calculate EMI: the flat-rate method and the reduce-balancing method.
Method of EMI:
i. Flat-Rate Method:
In the flat-rate method, each interest charge is calculated based on the original loan amount, even
though the loan balance outstanding is gradually being paid down. The EMI amount is calculated
by adding the total principal of the loan and the total interest on the principal together, then
dividing the sum by the number of EMI payments, which is the number of months during the loan
term.
For example, a borrower takes a 18,000 (6% $100,000 3), which will be
3,278 [( 18,000) / 36]. Thus, the contribution to the
principal of each EMI will be 3,278 – $500), which makes up 85% of each EMI, as the interest
payment makes up the rest of 15%.
ii. Reducing-Balance Method:
In contrast to the flat-rate method, the reducing-balance method calculates the interest payment
based on the principal outstanding. It means the interest and principal repayment portions of each
EMI change over time. At the early stage of the loan term, interest payment makes up a greater
portion of the EMI, as a certain percentage of the loan outstanding.
As the loan is gradually repaid over time, the interest amount reduces, and a greater proportion of
the contributions are made towards principal repayments. The reducing-balance method is
commonly used on housing mortgages, credit cards, and overdraft facilities.
The reducing-balance EMI can be calculated through the formula below:

A=

Where,
a. A = Periodic EMI amount
b. P = Principal borrowed
c. r = Periodic interest rate (annual interest rate/12)
d. n = Total number of payments (number of months during the loan tenure)

OR

Given, A = ₹ 500000, r = 5 % i = 0.05 and n = 10, R = ?

Using formula, A = R

500000 = R

R= [Let x = (1.05)10 Taking logarithm on both sides, we get log x = 10 log 1.05 = 10

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0.0212 = 0.2120 x = antilog 0.2120 x = 1.629]

R= log x = 10 log 1.05 = 1
R = 39745.63
Hence, the company should deposit ₹39745.63 every year into the sinking fund.
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14. (i) Let the population at any instant (t) be y.
By the given condition,we have,

(k is constant)

Now, integrating both sides, we get,

log y = kt + C ...(i)
According to given conditions,
In the year 1990, t = 0 and y = 200000
log200000 = C ...(ii)
Also, in the year 2000, t = 5 and y = 250000
log 250000 = k.5 + C
log 250000 = 5k + log 200000

......(iii)
Also, in the year 2010, t = 10
Now, substituting the values of t, k and c in equation (i), we get

y = 312500
Therefore, the population of the village in 2010 will be 312500.
(ii) Let P be the population at any time t and P0 be the initial population.Then,we have,

...(1)
Here, P = P0t when t = 0

...(2)
Given P = 2P0 when t = 25

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log 2 = 25

Now equation ( 2) becomes,

let t​1 be the time to become population 500000 from 100000, so, that,

Required time = 58 years.

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