Advanced level 2025 South West mock business mathematics 2
Advanced level 2025 South West mock business mathematics 2
Questions One
Afriland and NFC. Bessem saved 1,500,000 in Afriland and 2,000,000 in NFC and received a total Bessam and
Lamgmia are two traders who make their yearly saving in two banks each; interest of 265,000fcfa in a ) ear. Langmia on
the other hand saved 1,100,OOOfcfa with Afriland bank and 800,000fcfa in NFC and received a total interest of
151,000fcfa in a year. Interest is compounded annually.
a) Calculate the interest rate paid by each of the Bank (10 marks)
b) Calculate for Afriland First Bank the effective rate if interest is compounded
i) Monthly
ii) Quarterly
iii) Continuously. (6 marks)
c) Calculate the amount a trader who saves 500,000 FCFA with Afriland Bank will receive if interest is compounded:
i) Monthly
ii) Quarterly
| iii) Continuously | (4 marks) | ||||||
| Question Two | |||||||
| a) A project has the following the cash flows: | |||||||
| Year | 0 | 1 | 2 | 3 | 4 | 6 | |
| Cash flow (FCFA) Required: |
(400,000) | 0 | 0 | 271,000 | 0 | 0 | 476,500 |
| Calculate the IRR of the project, | (10 marks) |
b) A civil servant took a loan of 8,000,OOOfcfa from BICEC Bank, at an interest rate of 11.74% refundable in 10
constant annuities. Calculate:
i)Calculate the interest for the 5th and 6 th payment
ii) The amount of the constant annuities
iii) The future value of the loan
iv) The amount of the last amortisation
(10 marks)
Question Three
a) A mobile phone ldosque records its monthly deposits from customers in AP from January to December 2024.
The kiouque recorded 1,695,500 FCFA and 1,724,500 FCFA in the month of September and November
respectively. Calculate
i) The amount recorded in October
ii)The common difference
iii) The amount recorded in January
iv) The total annual deposit
v) The month deposit of 1,652,000 FCFA will be recorded (12 marks)
b) A man sold a FCFA 50,000,000 of 4% at 78 and with the proceed bought as many as possible 6% stock at 57. if
the brokerage was 0.2% on each transaction, find the change in his income (8marks)
Question Four
a) DHL bought a new Reefer with a useful life of 6years for the delivery of parcels. Annual depreciation for the 3rd
and 6th years is 637500 and 332779 respectively
i) Calculate the rate of depreciation
ii) The cost of the Reefer
iii) Present first and last lines of the depreciation schedule
b) Two capitals of 300 000 FCFA and 400 000 FCAF payable respectively in 8 and 6 years are discounted at 7%
compound interest. Determine the date at which the discount values of the bills will be the same (8 marks)
