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: 57999 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 2% A = P[ ]n = 59183[ ]1 = 59183[1-0.02]1 = 59183 x 0.981 = 57999 |
2) A motorcycle was bought at Answer: 72713 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 7% A = P[ ]n = 78186[ ]1 = 78186[1-0.07]1 = 78186 x 0.931 = 72713 |
3) A motorcycle was bought at Answer: 72179 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 3% A = P[ ]n = 74411[ ]1 = 74411[1-0.03]1 = 74411 x 0.971 = 72179 |
4) A motorcycle was bought at Answer: 53099 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 2% A = P[ ]n = 54183[ ]1 = 54183[1-0.02]1 = 54183 x 0.981 = 53099 |
5) A motorcycle was bought at Answer: 65158 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 8% A = P[ ]n = 70824[ ]1 = 70824[1-0.08]1 = 70824 x 0.921 = 65158 |
6) A motorcycle was bought at Answer: 47011 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 7% A = P[ ]n = 50549[ ]1 = 50549[1-0.07]1 = 50549 x 0.931 = 47011 |
7) A motorcycle was bought at Answer: 64606 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 7% A = P[ ]n = 69469[ ]1 = 69469[1-0.07]1 = 69469 x 0.931 = 64606 |
8) A motorcycle was bought at Answer: 52727 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 7% A = P[ ]n = 56696[ ]1 = 56696[1-0.07]1 = 56696 x 0.931 = 52727 |
9) A motorcycle was bought at Answer: 55566 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 8% A = P[ ]n = 60398[ ]1 = 60398[1-0.08]1 = 60398 x 0.921 = 55566 |
10) A motorcycle was bought at Answer: 56033 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 2% A = P[ ]n = 57177[ ]1 = 57177[1-0.02]1 = 57177 x 0.981 = 56033 |