ECN 203 Mathematics For Business & Economics 1 Resit 2015
About this paper
ECN 203 Mathematics for Economics and Business I 2014/2015 resit exam (First semester, Level 200), University of Buea: profit functions.
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University of Buea
Faculty of Social and Management Sciences - FSMS
Economics and Management - ECN
Mathematics For Business & Economics 1
Resit · First Semester Resit · Level 200
From this paper
A businessman invested 600,000 FCFA in a savings account of a commercial bank at an annual rate of interest of 7.5%. Based on this information, find the i) Future value of such investment at the end of 10 years. (4 marks) ii) Total interest over the period of 10 years. (4 marks) iii) Simple interest on a yearly basis. (4 marks)
- a.
If the gross domestic product (GDP) of Cameroon in the year 2006 was 30 billion FCFA, and a 3% annual growth rate is assumed, what would be the GDP of Cameroon in the year 2020? (4 marks) b) A man borrows 200,000 FCFA at 5% per annum and repays 5,000 FCFA at the end of each year. How much does the man still owe after the end of the 4th repayment? (4 marks)
At a glance
- Course code
- ECN203 (ECN 203)
- Type
- Resit
- Year
- 2015
- Level
- Level 200
- Semester
- First Semester Resit
- Proposed solution
- Included
Where it's from
University
University of BueaFaculty
Faculty of Social and Management Sciences - FSMSDepartment
Economics and Management - ECN
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