Business Mathematics 1 (MGTC2208)
Higher Institute of Commerce and Management (HICM)
Semester: Second Semester
Level: 200
Year: 2018
Question One (6 marks)
On the 2
nd
of April 2018, Mr. Fitaboy burrowed 120,000frs from a micro financial institution at the rate of
12.8% per annum. What extra charge has he burn on the 25
th
of September 2018 when the money is to be
paid back?
Question Two (6 marks)
(a) Solve for X in the equation:
Logn(x + 2) – Log
a
b and
(b) 4e
3x
= 968.
Question Three (6 marks)
Find the compound amount and compound interest of 400,000frs for 5 years at 12% per annum when
compounding is done quarterly.
Question Four (6 marks)
Solve for the equation 2
x+s
- 32(2
x
) + 1 = 0
Question Five (6 marks)
The first term of an AP is 25 and the third term 19. Find the number of terms in the progression if the sum is
82.
SCHOOL/FACULTY: H.I.C.M DEPARTMENT: ALL
COURSE CODE: COURSE TITLE: Business Mathematics 1
SEMESTER: Second NATURE: C. A LEVEL: One
LECTURER: Prof. Njimanted G. DATE: 2017/2018 HALL: DURATION: 90 minutes
REPUBLIC OF CAMEROON
Peace -Work – Fatherland
UNIVERSITY OF BAMENDA
P.O BOX 39 BAMENDA
TEL: 33 36 36 94
REPUBLIQUE DU CAMEROUN
Paix -Travail – Patrie
UNIVERSITE DE BAMENDA
P.O BOX 39 BAMENDA
TEL: 33 36 36 94
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