HORN INTERNATIONAL UNIVERSITY COLLEGE DEPARTMENT OF PUBLIC ADMINSTRATION FINAL EAXM FOR Mathematic for Management Exam Weight :40% Time Allowed:2hrs :40% Name: ID No: Signature Part One: if statement is correct write True but if the statement is incorrect write false (8% ) 1. Any number to the power of zero is two 2. A base to the power-x is equivalent to one of those base so the power x 3. When multiplying two powers of the same base always add the exponents 4. When dividing ax by ay Add the exponents 5. If interest is paid on the initial amount only and not on the subsequent accrued interest is called compound interest. 6. If the sum of money "P" is invested at a simple interest its value increases by the same amount each year 7. The different between money now and the same money in the future is called interest 8. Interest paid on interest reinvested is called simple interest Part II: Choose the best Answer (20% ) 1. If interest is paid on the initial amount of money invested or borrowed only and not on subsequently accrued interest, it is called? A. Interest B. simple interest C. compound interest D. compound Amount 2. How much money you have to deposit in an account today at 5% simple interest rate if you are to receive Br.6,000 as an amount in 20 years? A. 2800 B. 41235.5 C 3000 D. 2500 3. At what interest rate will Br. 5000 yield Br.2,000 in 10years'time? A. 5% B. 10% C. 4% D. 3% 4. If you borrow Br 1. 000 from Commercial Bank of Ethiopia for year to pay a 6% interest rate your tuition fee. What will be the simple A. 60B. 40 C. 600 D. 6 5. From equation 5 above the maturity value of the loan will be? A. 10600 B. 1060 C. 1006 D. 106 6. The original Str of money that is lent or invested/borrowed is called the A. principal B. Ampr:C. Interest D. interest rate 7. Find the Interest on Br.5,000 at 10% for 1 year? A 500 B. 5000 C 50 D. 50,000 8. find the interest rate if 1,000 birr is earned 45 Birr at simple interest rate in 6 months? is equal to log:642 A. 6 B. 16 C 32 D. 64 9. Which one of the following is not Power Function? A 2^xBcdot x^-3 C. x^2 D. x^3

Question

HORN INTERNATIONAL UNIVERSITY COLLEGE DEPARTMENT OF PUBLIC ADMINSTRATION FINAL EAXM FOR Mathematic for Management Exam Weight :40% Time Allowed:2hrs :40% Name: ID No: Signature Part One: if statement is correct write True but if the statement is incorrect write false (8% ) 1. Any number to the power of zero is two 2. A base to the power-x is equivalent to one of those base so the power x 3. When multiplying two powers of the same base always add the exponents 4. When dividing ax by ay Add the exponents 5. If interest is paid on the initial amount only and not on the subsequent accrued interest is called compound interest. 6. If the sum of money "P" is invested at a simple interest its value increases by the same amount each year 7. The different between money now and the same money in the future is called interest 8. Interest paid on interest reinvested is called simple interest Part II: Choose the best Answer (20% ) 1. If interest is paid on the initial amount of money invested or borrowed only and not on subsequently accrued interest, it is called? A. Interest B. simple interest C. compound interest D. compound Amount 2. How much money you have to deposit in an account today at 5% simple interest rate if you are to receive Br.6,000 as an amount in 20 years? A. 2800 B. 41235.5 C 3000 D. 2500 3. At what interest rate will Br. 5000 yield Br.2,000 in 10years'time? A. 5% B. 10% C. 4% D. 3% 4. If you borrow Br 1. 000 from Commercial Bank of Ethiopia for year to pay a 6% interest rate your tuition fee. What will be the simple A. 60B. 40 C. 600 D. 6 5. From equation 5 above the maturity value of the loan will be? A. 10600 B. 1060 C. 1006 D. 106 6. The original Str of money that is lent or invested/borrowed is called the A. principal B. Ampr:C. Interest D. interest rate 7. Find the Interest on Br.5,000 at 10% for 1 year? A 500 B. 5000 C 50 D. 50,000 8. find the interest rate if 1,000 birr is earned 45 Birr at simple interest rate in 6 months? is equal to log:642 A. 6 B. 16 C 32 D. 64 9. Which one of the following is not Power Function? A 2^xBcdot x^-3 C. x^2 D. x^3

Answer 1

Part One: If statement is correct write True but if the statement is incorrect write False1. Any number to the power of zero is two - False2. A base to the power-x is equivalent to one of those base so the power x - True3. When multiplying two powers of the same base always add the exponents - True4. When dividing ax by ay Add the exponents - False5. If interest is paid on the initial amount only and not on the subsequent accrued interest is called compound interest - False6. If the sum of money "P" is invested at a simple interest its value increases by the same amount each year - True7. The difference between money now and the same money in the future is called interest - True8. Interest paid on interest reinvested is called simple interest - FalsePart II: Choose the best answer1. If interest is paid on the initial amount of money invested or borrowed only and not on subsequently accrued interest, it is called?A. Interest B. simple interest C. compound interest D. compound AmountAnswer: B. simple interest2. How much money you have to deposit in an account today at

simple interest rate if you are to receive

as an amount in 20 years?A. 2800 B. 41235.5 C 3000 D. 2500Answer: B. 41235.53. At what interest rate will Br. 5000 yield

in

A.

B.

C.

D.

Answer: C.

4. If you borrow Br 1,000 from Commercial Bank of Ethiopia for a year to pay a

interest rate, your tuition fee. What will be the simple interest?A. 60 B. 40 C. 600 D. 6Answer: D. 65. From the equation above, the maturity value of the loan will be?A. 10600 B. 1060 C. 1006 D. 106Answer: A. 106006. The original sum of money that is lent or invested/borrowed is called theA. principal B. Ampr C. Interest D. interest rateAnswer: A. principal7. Find the Interest on

at

for 1 year?A. 500 B. 5000 C. 50 D. 50,000Answer: C. 508. Find the interest rate if 1,000 birr is earned 45 Birr at simple interest rate in 6 months?is equal to log:642 A. 6 B. 16 C. 32 D. 64Answer: C. 329. Which one of the following is not a Power Function?A.

B.

C.

D.

Answer: B.

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