05/01/2024, 00:11 Quiz - 1

Quiz - 1
Attempt all questions each carry 2 marks.

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What is the standard form of a linear function? 2 points

Ax+By=C

Solve the equation 3x + 5 = 17. 2 points

x=4

Solve the simultaneous equations: 2x + y = 10 and x - y = 3. 2 points

x = 13/3 and y=4/3

Simplify the expression: 3x^2 + 5x - 2. 2 points

(3x-1)(x+2)

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What is the formula for compound interest compounded annually? 2 points

A = P(1+r/n)^t

How does discounting relate to the concept of interest? 2 points

It is the interest rate that brings future values i

Define the exponential function. 2 points

A function whose value is a constant raised to

How can understanding logarithmic functions be beneficial in business? 2 points

Understanding logarithmic functions provides

What does the slope of a linear function represent? 2 points

The slope of a linear function represents the ra

Identify and solve the simultaneous equations from the given 2 points

statements: "Twice a number added to five gives 17. The difference between
the number and six is two."

2x+5=17 (x=6) and x-6=2 (x=8)

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Factorize the polynomial expression: x^2 + 5x + 6. 2 points

(x+2)(x+3)

What is the key difference between discrete and continuous compounding? 2 points

The key points of difference include the freque

How does an increase in the discount rate affect the present value of future 2 points
cash flows?

An increase in the discount rate has an inverse

Explain the relationship between logarithmic and exponential functions. 2 points

The relationship between logarithmic and expo

Why is understanding the interpretation of mathematical functions crucial 2 points

for business decision-making?

Understanding the interpretation of mathemati

How does changing the slope or y-intercept of a linear function affect its 2 points

graph?

Increasing a y-intercepts moves the graph up. D

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Explain the process of solving simultaneous equations using the 2 points

substitution method.

Simplify the given equation by expanding the p

Identify the degree of the polynomial: 4x^3 + 2x^2 - x + 7. 2 points

The degree of the polynomial is 3.

Calculate the future value of $5000 invested at an annual interest rate of 8%, 2 points
compounded quarterly for 5 years.

$7415

How does the time value of money concept relate to discounting in financial 2 points

calculations?

The time value of money concept is integral to

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