Business Mathematics 1 (MGTC2208)
Higher Institute of Commerce and Management (HICM)
Semester: Second Semester
Level: 200
Year: 2015
UNIVERSITY OF BAMENDA
HIGHER INSTITUTE OF COMMERCE AND MANAGEMENT
SECOND SEMESTER EXAMINATION
Departments: ALL
Examiner: Prof Njimanted, G. Forglia
Course Code: MGS108
Starting Time:
Course Title: BUSINESS MATHEMATICS 1
Stopping Time
Credit value: 6
Time Allowed: 3hrs
__
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 here to save
430,000 FRS? [l0marks]
2)
The salary scale for a senior officer starts at 570000frs per annum. A rise of 28Q0 FRS is given 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. [l0marks]
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 of three years. [l0marks]
Good luck! Good luck! Good luck!
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