Business Mathematics 1 (MGTC2208)
Higher Institute of Commerce and Management (HICM)
Semester: Second Semester
Level: 200
Year: 2014
UNIVERSITY OF BAMENDA HIGHER
INSTITUTE OF COMMERCE AND MANAGEMENT
Continuous Assessment
Departments: ALL
Examiner: Prof. Njimanted, G. Forgha
Course Code: MGS108
Starting Time:
Course Title: BUSINESS MATHEMATICS 1
Stopping Time
Credit value: 6
Venue
Time Allowed: 1hr
Instructions; Answer All Questions
1) A woman is able to save 50.000 FRS of her salary in a certain year and after word she saves in any one
year 20,000 FRS more than she saved in the preceding year. How long does it take her# to save 430,000 FRS?
[10 marks]
2) The salary scale for a senior officer starts at 570000frs per annum. A rise of 2800 FRS is given at the end
of each year, (a) Find the total amount of money that the officer will earn in 34 years (b) Find the amount earned
in the 34
th
year. [10 marks]
3) A Masters Degree Student invested 100, 000FCFA on the 1
st
of January each year at 4% per annum. What
amount would have this student invested at the end three years. [10 marks]
GOOD LUCK! GOOD LUCK! GOOD LUCK!
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