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UNIVERSITY OF HARGEISA

COLLEGE OF BUSINESS AND PUBLIC


ADMINISTRATION
BUSINESS MATHEMATICS
MIDTERM [40% ]
Answer ALL the Following Questions

SECTION A [ 25% ]

Calculate the Value of [ X ] .

1) [ 1% Marks ]

2) [ 1% Marks ]

3) [ 1% Marks ]

4) [ 1% Marks ]

5) [ 1% Marks ]
6) Sketch a line through each pair of points and find slope and then Equation of the
straight-line ?
a) ( - 4 , - 2) ( 4, 5) [ 1% Marks ]
b) ( 2 , 4) ( 5, 6) [ 1% Marks ]
7) Find the equation for the line that has a slope 2/3 and passes through (6, -2)
Solve for x [ 1% Marks ]
3 (x -1) 5(x+2) -5

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8) How many DVDs would a multimedia company have to make and sell to break even if
the fixed costs are $36,000, variable costs are $10.40 per DVD, and the DVDs are sold to
retailers for $15.20 each? [ 2% Marks ]

9) f (x) = , g (x) 1- , h (x) = evaluate

a) f ( -2 ) [ 1% Marks ]
b) f ( 6 ) [ 1% Marks ]
c) g ( -1 ) [ 1% Marks ]
d) h ( -8 ) [ 1% Marks ]
e) [ 1% Marks ]

MULTIPLICATION OF MATRICS:

If A = B= [ 2% Marks ]

Find AB =

If A= B= [ 2% Marks ]

Find AB=

If A = B= [ 2% Marks ]

Find AB =

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DETERMINAT OF MATRICES

What is the Determinant of Matrix A ) B )

A= [ 2% Marks ]

Find Determinant A =

B= [ 2% Marks ]

Find Determinant B =

SECTION [ 15% ]

1. A department store charges an 18% annual rate for overdue accounts. How much interest
will be owed on an $835 account that is 2 months overdue? [ 2% Marks ]

2. If you paid $120 to a loan company for the use of $2,000 for 90 days, what annual rate of
interest did they charge? [ 2% Marks ]
3. City bank has issued a loan for $1,000 to a sole proprietorship for a period of 5 years the
interest rate of this loan is 5% find the future value if the interest compounded
a) Annually
b) Semi- annually
c) Quarterly
d) And monthly

[ 4% Marks ]
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4. What is the value of an annuity at the end of 10 years if $1,000 is deposited every 6
months into an account earning 8% compounded semiannually? How much of this value

is interest? [ 2% Marks ]
5. How much should you deposit in an account paying 8% compounded quarterly in order

to receive quarterly payments of $1,000 for the next 4 years? [ 2% Marks ]


6. If you sell your car to someone for $2,400 and agree to finance it at 1% per month on the
unpaid balance, how much should you receive each month to amortize the loan in 24
months? How much interest will you receive ?
[ 3% Marks ]

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