Written Instructions:
For each Multiple Choice Question (MCQ), four options are given. One of them is the correct answer. Make your choice (1,2,3 or 4). Write your answers in the brackets provided..
For each Short Answer Question(SAQ) and Long Answer Question(LAQ), write your answers in the blanks provided.
Leave your answers in the simplest form or correct to two decimal places.
| 1) A motorcycle was bought at
Answer:_______________ |
| 2) A motorcycle was bought at
Answer:_______________ |
| 3) A motorcycle was bought at
Answer:_______________ |
| 4) A motorcycle was bought at
Answer:_______________ |
| 5) A motorcycle was bought at
Answer:_______________ |
| 6) A motorcycle was bought at
Answer:_______________ |
| 7) A motorcycle was bought at
Answer:_______________ |
| 8) A motorcycle was bought at
Answer:_______________ |
| 9) A motorcycle was bought at
Answer:_______________ |
| 10) A motorcycle was bought at
Answer:_______________ |
| 1) A motorcycle was bought at Answer: 74079 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 6% A = P[ ]n = 78807[ ]1 = 78807[1-0.06]1 = 78807 x 0.941 = 74079 |
| 2) A motorcycle was bought at Answer: 75145 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 4% A = P[ ]n = 78276[ ]1 = 78276[1-0.04]1 = 78276 x 0.961 = 75145 |
| 3) A motorcycle was bought at Answer: 75611 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 2% A = P[ ]n = 77154[ ]1 = 77154[1-0.02]1 = 77154 x 0.981 = 75611 |
| 4) A motorcycle was bought at Answer: 50154 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 7% A = P[ ]n = 53929[ ]1 = 53929[1-0.07]1 = 53929 x 0.931 = 50154 |
| 5) A motorcycle was bought at Answer: 58862 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 7% A = P[ ]n = 63293[ ]1 = 63293[1-0.07]1 = 63293 x 0.931 = 58862 |
| 6) A motorcycle was bought at Answer: 72163 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 5% A = P[ ]n = 75961[ ]1 = 75961[1-0.05]1 = 75961 x 0.951 = 72163 |
| 7) A motorcycle was bought at Answer: 59145 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 5% A = P[ ]n = 62258[ ]1 = 62258[1-0.05]1 = 62258 x 0.951 = 59145 |
| 8) A motorcycle was bought at Answer: 59403 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 2% A = P[ ]n = 60615[ ]1 = 60615[1-0.02]1 = 60615 x 0.981 = 59403 |
| 9) A motorcycle was bought at Answer: 67339 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 8% A = P[ ]n = 73195[ ]1 = 73195[1-0.08]1 = 73195 x 0.921 = 67339 |
| 10) A motorcycle was bought at Answer: 77296 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 3% A = P[ ]n = 79687[ ]1 = 79687[1-0.03]1 = 79687 x 0.971 = 77296 |