Business Mathematics 1 (MGTC2208)
Higher Institute of Commerce and Management (HICM)
Semester: Second Semester
Level: 200
Year: 2016
Instructions: Answer All questions
1) A woman can save 50,000FRS of her salary in a certain year and afterwards she saves in any one
year 20,000FRS more than she saved in the preceding year. How long does it take here to save
430,000FRS? [10 marks]
2) The salary scale for a senior officer starts at 570,000frs per annum. A rise of 2,800frs is given at the
end of each year.
(a) Find the total amount of money that the office will earn in 34 years.
(b) Find the amount earned in the 34
th
year.
[10 marks]
3) A master’s 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. [10 marks]
Good Luck Good Luck Good Luck
SCHOOL/FACULTY: H.I.C.M DEPARTMENT: ALL
COURSE CODE: COURSE TITLE: Business Mathematics 1
SEMESTER: NATURE: C. A LEVEL:
LECTURER: Prof. Njimanted G. DATE: HALL: DURATION: 60 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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