cameroon gce A level 2020 business mathematics 1
cameroon gce A level 2020 business mathematics 1
1. The amount of money today which is equal to
series of future payments is :
A Nominal value of annuity
B Sinking value of annuity
C Present value of annuity
D Future value of annuity
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2. If the simple interest earned in 5 years by an
investment at 5% per annum is 10,000FCFA, the
principal invested is:
A 40,000FCFA
B 400,000FCFA
C 4,000FCFA
D 100,000FCFA
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3. The compound interest on a loan of
1,000,000FCFA for 5 years if interest is computed
semi-annually at 10% per annum is :
A 682,895FCFA
B 638,895FCFA
C 620,895FCFA
D 628,895FCFA
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4. An office is rented for 800,000FCFA per year
from an agent who took a lease for 10 years. If
10% of the lease is paid on the spot, the amount
per instalment interest exclusive is :
A 720,000FCFA
B 72,000FCFA
C 80,000FCFA
D 800,000FCFA
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5. One of these is not a secured creditor :
A Preference shares
B Cumulative preference shares
C Ordinary shares
D Salaries of workers
