Written Instructions:
For each Multiple Choice Question (MCQ), four options are given. One of them is the correct answer. Make your choice (1,2,3 or 4). Write your answers in the brackets provided..
For each Short Answer Question(SAQ) and Long Answer Question(LAQ), write your answers in the blanks provided.
Leave your answers in the simplest form or correct to two decimal places.
1) A motorcycle was bought at 72361 . The value depreciated at the rate of 6% p.a. find the value after one year.
Answer:_______________ |
2) A motorcycle was bought at 57011 . The value depreciated at the rate of 8% p.a. find the value after one year.
Answer:_______________ |
3) A motorcycle was bought at 66047 . The value depreciated at the rate of 4% p.a. find the value after one year.
Answer:_______________ |
4) A motorcycle was bought at 63901 . The value depreciated at the rate of 4% p.a. find the value after one year.
Answer:_______________ |
5) A motorcycle was bought at 64935 . The value depreciated at the rate of 2% p.a. find the value after one year.
Answer:_______________ |
6) A motorcycle was bought at 55758 . The value depreciated at the rate of 4% p.a. find the value after one year.
Answer:_______________ |
7) A motorcycle was bought at 51848 . The value depreciated at the rate of 8% p.a. find the value after one year.
Answer:_______________ |
8) A motorcycle was bought at 51208 . The value depreciated at the rate of 6% p.a. find the value after one year.
Answer:_______________ |
9) A motorcycle was bought at 66197 . The value depreciated at the rate of 3% p.a. find the value after one year.
Answer:_______________ |
10) A motorcycle was bought at 50531 . The value depreciated at the rate of 4% p.a. find the value after one year.
Answer:_______________ |
1) A motorcycle was bought at 72361 . The value depreciated at the rate of 6% p.a. find the value after one year. Answer: 68019 SOLUTION 1 : Given : The value of motorcycle depreciates P = 72361 n = 1 year r = 6% A = P[ ]n = 72361[ ]1 = 72361[1-0.06]1 = 72361 x 0.941 = 68019 |
2) A motorcycle was bought at 57011 . The value depreciated at the rate of 8% p.a. find the value after one year. Answer: 52450 SOLUTION 1 : Given : The value of motorcycle depreciates P = 57011 n = 1 year r = 8% A = P[ ]n = 57011[ ]1 = 57011[1-0.08]1 = 57011 x 0.921 = 52450 |
3) A motorcycle was bought at 66047 . The value depreciated at the rate of 4% p.a. find the value after one year. Answer: 63405 SOLUTION 1 : Given : The value of motorcycle depreciates P = 66047 n = 1 year r = 4% A = P[ ]n = 66047[ ]1 = 66047[1-0.04]1 = 66047 x 0.961 = 63405 |
4) A motorcycle was bought at 63901 . The value depreciated at the rate of 4% p.a. find the value after one year. Answer: 61345 SOLUTION 1 : Given : The value of motorcycle depreciates P = 63901 n = 1 year r = 4% A = P[ ]n = 63901[ ]1 = 63901[1-0.04]1 = 63901 x 0.961 = 61345 |
5) A motorcycle was bought at 64935 . The value depreciated at the rate of 2% p.a. find the value after one year. Answer: 63636 SOLUTION 1 : Given : The value of motorcycle depreciates P = 64935 n = 1 year r = 2% A = P[ ]n = 64935[ ]1 = 64935[1-0.02]1 = 64935 x 0.981 = 63636 |
6) A motorcycle was bought at 55758 . The value depreciated at the rate of 4% p.a. find the value after one year. Answer: 53528 SOLUTION 1 : Given : The value of motorcycle depreciates P = 55758 n = 1 year r = 4% A = P[ ]n = 55758[ ]1 = 55758[1-0.04]1 = 55758 x 0.961 = 53528 |
7) A motorcycle was bought at 51848 . The value depreciated at the rate of 8% p.a. find the value after one year. Answer: 47700 SOLUTION 1 : Given : The value of motorcycle depreciates P = 51848 n = 1 year r = 8% A = P[ ]n = 51848[ ]1 = 51848[1-0.08]1 = 51848 x 0.921 = 47700 |
8) A motorcycle was bought at 51208 . The value depreciated at the rate of 6% p.a. find the value after one year. Answer: 48136 SOLUTION 1 : Given : The value of motorcycle depreciates P = 51208 n = 1 year r = 6% A = P[ ]n = 51208[ ]1 = 51208[1-0.06]1 = 51208 x 0.941 = 48136 |
9) A motorcycle was bought at 66197 . The value depreciated at the rate of 3% p.a. find the value after one year. Answer: 64211 SOLUTION 1 : Given : The value of motorcycle depreciates P = 66197 n = 1 year r = 3% A = P[ ]n = 66197[ ]1 = 66197[1-0.03]1 = 66197 x 0.971 = 64211 |
10) A motorcycle was bought at 50531 . The value depreciated at the rate of 4% p.a. find the value after one year. Answer: 48510 SOLUTION 1 : Given : The value of motorcycle depreciates P = 50531 n = 1 year r = 4% A = P[ ]n = 50531[ ]1 = 50531[1-0.04]1 = 50531 x 0.961 = 48510 |