gce 2021 intermediate level business mathematics 2

gce 2021 intermediate level business mathematics 2

gce 2021 intermediate level business mathematics 2

SECTION A

 ANSWER BOTH QUESTIONS

1. (a) A bag contains red and white balls. The probability of selecting red ball is 5/12 and that of selecting a white ball is 7/12. Determine
2. The total number of balls in the bag. (3 marks)
3. The probability of selecting two white balls without replacement. (4 marks)

• The probability of selecting a red and a white ball with replacement. (4 marks)

1. Study the pie chart below and answer the questions that follows:

1. Calculate Ngum’s angle.                                                                  (3 marks)
2. If 1,620,000 FCFA was shared to four of them, calculate each person’s share.      (4 marks)

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2. a) Four partners want to start up a business with their contributions in the ratio 3:5:6:2. Given that the value of a share is 200,000 FCFA

• What will be the total contribution of the four partners? (4 marks)
• How many shares will a partner who contributes 2,400,000 FCFA have? (4 marks)

1. Consider the table of bills below.

Given that all the bills are discounted at 7.5% and the discount of bill 2 is three times that of bill three. Calculate:

• The total discount for bill 2 and 3.                                                 (2 marks)
• The discount for bill 2. (3 marks)
• The face value of bill 2. (4 marks)

The duration of bill 3.