FACULTY OF BUSINESS ADMINISTRATION AND ACCOUNTANCY DIPLOMA IN ACCOUNTANCY CERTIFICATE IN BUSINESS DIPLOMA IN BUSINESS ADMINISTRATION SEPTEMBER 2010 FINAL

EXAMINATION 3 MSC 0104 BUSINESS MATHEMATICS

DURATION: 3 HOURS

DATE: 21 SEPTEMBER 2010 ADDITIONAL REQUIREMENT: NIL INSTRUCTIONS TO CANDIDATE:

TIME: 3.30PM-6.30PM

1. Answer all questions in SECTION A . 2. Answer any FOUR (4) out of FIVE (5) questions in SECTION B.

DO NOT REMOVE THIS EXAMINATION QUESTION PAPER FROM THE EXAMINATION HALL

3 MSC 0104 SECTION A Instruction: Answer ALL questions A1.

September 2010

RM1,500 compounded at 2.56% p.a. becomes RM2,300 after n years. What is n? (a) (b) (c) (d) 1.53 years 2 years 16 years 17 years

A2.

x + 2y = 7 3x 2y = 5 (a) (b) (c) (d) x = 2, y = 3 x = 3, y = 2 x = 5, y = 2 x = 2, y = 5

A3.

RM500 is deposited at the beginning of every month for 3 years at an interest rate of 3% p.a. What is the future value of the annuity? (a) (b) (c) (d) RM 18,857.3 RM 18,000.00 RM 18,810.2 RM 18,878.3

A4.

2 -1

5 5

2 1 2

4 6

2 -1

2 5

(a)

4 -3

9 -1

2 (b) 4

12

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(c)

6 -8

9 8

(d)

-2

-8

A5.

Given total cost, C = 3x3 + 2x2 + 3, find the marginal cost 5 (a) 9x2 /5 + 4x (b) 27x2 + 4x3 + 3x (c) 3x4 /20 + 2x3 /3 + 3x (d) 9x2 / 7 + 4x3

A6.

Integrate (a) (b) (c) (d) 76 32 16 78

3x5 + 2x3 - 4x dx

A7.

Find the slope of the curve y = x3 3x2 + 13 when x = 3 (a) 13 (b) -9 (c ) 9 (d) -13

A8.

Mr. Walcott purchased a new house for RM185,000. He made a 10% down payment and financed the balance at his bank for 9 years. What amortization payments are required every 3 months at 16% interest to pay off the house? (a) (b) (c) (d) RM9,784.07 RM8,805.67 RM978.41 RM998.65

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A9.

Differentiate y = ( 2x3 -5) 3 (a) (b) (c) (d) 3( 2x3 -5) 4 (6x2) 12(2x3 5)2 3(2x3 5)2 18x2 (2x3 5)2

A10.

What is the amount that must be deposited now to obtained RM15,760 in 5 years if the interest is 6% compounded monthly? (a) (b) (c) (d) RM11,684 RM11,347.2 RM78,800 RM4,728

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SECTION B Instruction: Choose FOUR (4) out of FIVE (5) questions.

Question 2 (a) A company secretary has an investment opportunity in which a lending institution offers her an interest rate of 3.8% per annum compounded quarterly. If she decides to invest an amount of RM4000 under the scheme for 5 years, calculate (i) (ii) (iii) the amount of interest to be paid. the total amount to be paid back. the monthly payment (2 marks) (2 marks) (2 marks)

(b)

Betty won an annuity which pays RM200 at the beginning of each month for 32 months; the first payment beginning now. What is the present value of the annuity if money is worth 12% compounded monthly? (4 marks) Tim buys a home for RM180,500. What equal quarterly payments will be required to amortize this loan if the house is financed at 8% interest for 10 years. What is the total amount of interest Tim will have to pay on the loan? (4 marks)

(c)

(d)

You are given RM10,000 to manage a project and expected to generate revenue for the first four years.

Year 1 2 3 4

Revenue (RM) 5,000 6,500 10,000 7,000

The project costs over the four years are estimated as RM6,000, RM5,000, RM3,500 and RM3,000. If the discount rate is 12%, evaluate the projects NPV. (6 marks) (Total: 20 marks)

3 MSC 0104 Question 3 (a) Differentiate the functions below: (i) (ii) y = (2x3 - 4) ( 6x2 + 7x) y = x3 - 4x 3x2 - 4 y = (2x3 -4x2)1/2 y = 3x2 ln x

September 2010

(3 marks) (4 marks)

(iii)

(2 marks)

(iv)

(5 marks)

(b) Given y = 3x2 + 7x 8 at point (1,2). Find (i) slope of the tangent (ii) equation of the normal (2 marks) (4 marks)

(Total: 20 marks) Question 4 (a) Given the following matrices: 0 2 1 3 1 1 3 If A , B 2 2 and C 3 2 2 1 3 Find: (i) (ii) (iii) 2A - B AB B2 (2 marks) (3 marks) (3 marks)

(b)

Solve the simultaneous equations below by using the method of matrix. 3x - y = -6 x + 2y = 5 (5 marks)

3 MSC 0104 (c) Find the unknown matrix

September 2010

1 0

p 2

q -3

4 2 =

7 3p

q -1 4 (5 marks)

(d)

1 3 Find the inverse of B 2 2

(2 marks) (Total: 20 marks)

Question 5 (a) A manufacturer knows that his total cost of production is C = 500 2x, where is the quantity and C is the total cost (RM). The demand function is P = 50 6x where P is the unit in price(RM)

i)

obtain the marginal cost.

(1 mark)

ii)

obtain the total revenue and marginal revenue.

(3 marks)

iii)

obtain the total profit function.

(2 marks)

iv)

find the number of units to be produced in order to maximize profit. Prove that profit is indeed maximized at this output level. (4 marks)

(b)

Find the area of the shaded region in the diagram. y y = (1 + x) (4 - x)

-1

x (4 marks) 7

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(c)
2

(i)

3x3 - 3x5 + 2 dx x3 __ x

(3 marks)

(ii)

+ 2x + 4x2 3

(3 marks) (Total: 20 marks)

Question 6 A restaurant operator serves 2 types of chicken rice in a day. A packet of the ordinary chicken rice needs 120 grams of rice and 300 grams of chicken. A packet of the special chicken rice needs 240 grams of rice and 200 grams of chickens. The restaurant operator has only 9.6kg of rice and 15kg of chickens. The operator prepared x packets of the ordinary chicken rice and y packets of special chicken rice in a day. The number of packets of the ordinary chicken rice is not more than four times the number of packets of the special chicken rice. (i) State three inequalities, apart from x 0 and y 0 that satisfy the above constraints. (7 marks) Draw the graph for the three inequalities . Construct and shade the feasible region R that satisfies the above constraints. (8 marks) Find the maximum profit and the minimum profit that can be obtained by the restaurant operator if the profits from the sales of a packet of the ordinary chicken rice and the special chicken rice are RM1.00 and RM1.50 respectively. (5 marks) (Total : 20 marks)

(ii)

(iii)

END OF EXAMINATION QUESTION PAPER