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
Answer:_______________ |
2) A motorcycle was bought at
Answer:_______________ |
3) A motorcycle was bought at
Answer:_______________ |
4) A motorcycle was bought at
Answer:_______________ |
5) A motorcycle was bought at
Answer:_______________ |
6) A motorcycle was bought at
Answer:_______________ |
7) A motorcycle was bought at
Answer:_______________ |
8) A motorcycle was bought at
Answer:_______________ |
9) A motorcycle was bought at
Answer:_______________ |
10) A motorcycle was bought at
Answer:_______________ |
1) A motorcycle was bought at Answer: 69291 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 2% A = P[ ]n = 70705[ ]1 = 70705[1-0.02]1 = 70705 x 0.981 = 69291 |
2) A motorcycle was bought at Answer: 59825 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 3% A = P[ ]n = 61675[ ]1 = 61675[1-0.03]1 = 61675 x 0.971 = 59825 |
3) A motorcycle was bought at Answer: 58880 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 2% A = P[ ]n = 60082[ ]1 = 60082[1-0.02]1 = 60082 x 0.981 = 58880 |
4) A motorcycle was bought at Answer: 71111 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 5% A = P[ ]n = 74854[ ]1 = 74854[1-0.05]1 = 74854 x 0.951 = 71111 |
5) A motorcycle was bought at Answer: 51951 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 3% A = P[ ]n = 53558[ ]1 = 53558[1-0.03]1 = 53558 x 0.971 = 51951 |
6) A motorcycle was bought at Answer: 61897 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 3% A = P[ ]n = 63811[ ]1 = 63811[1-0.03]1 = 63811 x 0.971 = 61897 |
7) A motorcycle was bought at Answer: 52519 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 8% A = P[ ]n = 57086[ ]1 = 57086[1-0.08]1 = 57086 x 0.921 = 52519 |
8) A motorcycle was bought at Answer: 62399 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 2% A = P[ ]n = 63672[ ]1 = 63672[1-0.02]1 = 63672 x 0.981 = 62399 |
9) A motorcycle was bought at Answer: 57628 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 7% A = P[ ]n = 61966[ ]1 = 61966[1-0.07]1 = 61966 x 0.931 = 57628 |
10) A motorcycle was bought at Answer: 66184 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 6% A = P[ ]n = 70409[ ]1 = 70409[1-0.06]1 = 70409 x 0.941 = 66184 |