ECN 203 Mathematics For Business & Economics 1 Rattrapage 2015

Extrait du sujet

1. 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)

2. 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)