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: 53285 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 5% A = P[ ]n = 56089[ ]1 = 56089[1-0.05]1 = 56089 x 0.951 = 53285 |
| 2) A motorcycle was bought at Answer: 48996 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 6% A = P[ ]n = 52123[ ]1 = 52123[1-0.06]1 = 52123 x 0.941 = 48996 |
| 3) A motorcycle was bought at Answer: 60491 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 4% A = P[ ]n = 63011[ ]1 = 63011[1-0.04]1 = 63011 x 0.961 = 60491 |
| 4) A motorcycle was bought at Answer: 69594 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 2% A = P[ ]n = 71014[ ]1 = 71014[1-0.02]1 = 71014 x 0.981 = 69594 |
| 5) A motorcycle was bought at Answer: 57486 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 6% A = P[ ]n = 61155[ ]1 = 61155[1-0.06]1 = 61155 x 0.941 = 57486 |
| 6) A motorcycle was bought at Answer: 65905 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 4% A = P[ ]n = 68651[ ]1 = 68651[1-0.04]1 = 68651 x 0.961 = 65905 |
| 7) A motorcycle was bought at Answer: 70579 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 8% A = P[ ]n = 76716[ ]1 = 76716[1-0.08]1 = 76716 x 0.921 = 70579 |
| 8) A motorcycle was bought at Answer: 56604 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 3% A = P[ ]n = 58355[ ]1 = 58355[1-0.03]1 = 58355 x 0.971 = 56604 |
| 9) A motorcycle was bought at Answer: 53878 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 3% A = P[ ]n = 55544[ ]1 = 55544[1-0.03]1 = 55544 x 0.971 = 53878 |
| 10) A motorcycle was bought at Answer: 47350 SOLUTION 1 : Given : The value of motorcycle depreciates P = n = 1 year r = 7% A = P[ ]n = 50914[ ]1 = 50914[1-0.07]1 = 50914 x 0.931 = 47350 |