cameroon gce advanced level 2025 business mathematics 2

Here is the data extracted from the image, organized by question number.

 

Question 1

 

a) SOLIDARITY farmers group carried out a series of 15 savings in an increasing arithmetic progression in order to purchase an equipment. The difference between the last and the first savings is 840 000 FCFA, while the sum of the second, third and sixth savings is 1 380 000 FCFA. Calculate:

i) The common difference. (3 marks)

ii) The value of the first savings. (3 marks)

iii) The value of the tenth savings. (3 marks)

iv) The total amount saved. (5 marks)

b) For how long will it take an asset worth 600,000 FCFA to drop by three-quarters of its original value using a reducing balance rate of 10% per annum? (6 marks)

 

Question 2

 

a) CHARITY and Co Ltd is declared bankrupt with liabilities of 80,000,000 FCFA and assets 55,000,000 FCFA. Secured debts are 40% of assets. Legal expenses were incurred. Given that the unsecured creditor received 400 FCFA in every 1,000FCFA, calculate:

i) The legal expenses paid. (8 marks)

ii) The amount received by an unsecured creditor who was owed 4,000,000 FCFA. (2 marks)

b) Ngokwo Ltd bought a machine listed at 7,500,000 FCFA on the hire purchase system and paid one-fifth of the listed price on the spot. He agreed to pay the remainder by 12 equal monthly payments of 548, 750 FCFA each. What was the interest rate charged on this arrangement? (10 marks)

 

Question 3

 

An extract of the loan schedule of NOBLEX PLC payable by constant annuities is presented as follows:

• First amortization : 6,548.80 FCFA
• Sixth amortization : 10,309.38 FCFA
• Twelfth amortization : 17,771.21 FCFA
• Constant annuity : 25,548.80 FCFACalculate:i) The interest rate of the loan. (5 marks)

  ii) The initial loan. (4 marks)

  iii) The number of annuities. (4 marks)

  iv) The interest of the 3rd year. (4 marks)

  v) The last amortization. (3 marks)