cameroon gce advance level business mathematics 1
cameroon gce advance level 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 |
