Quantitative Skill Pass Year Exam
Page 1 of 6
SECTION A : ANSWER ALL QUESTIONS ( 5 MARKS EACH )
1.1
A discount store sold plastic cups for $0.35 each and plastic plates for $0.40 each. If 200 plastic cups and plates were sold for a total of $76, how many cups and plates were sold?
1.2
Find the exact interest on a loan of $2000 at 11% annually. The loan was made on February 15 and was due on 25 August in a non-leap year.
1.3
A sofa set was purchased with $500 down payment and 24 payments of $125. i. ii. Find the installment price of the sofa set. If the cash price is $3250, find the finance charge and the amount financed.
1.4
Ace company would like to save $12,000 for a planned expansion in 3 years. How much money in a 6% three year certificate deposit that is compounded monthly must be invested now to have the $12,000 in three years?
1.5
Find the future value of a semiannual ordinary annuity of $5000 for ten years at 6% annual interest compounded semiannually.
1.6
Jack is purchasing a home for $200,000. Bank has approved his loan application for a 30 years fixed-rate loan at 7% annual interest. If Jack agrees to pay the down payment of 20% purchase price, calculate the monthly payment.
Quantitative Skills Past Year Paper Set 1
Page 2 of 6
1.7
The list price of a water filter is $1438. Ace appliance store can buy the water filter at a discount series of 20/10. i. ii. Find the trade discount. Find the net price of the water filter.
1.8
A netbook sells for $699. The markup rate is 40% of the cost. Find the cost of the netbook and the markup.
Quantitative Skills Past Year Paper Set 1
Page 3 of 6
SECTION B : ANSWER 4 OUT OF 6 QUESTIONS (15 MARKS EACH)
2.
a.
Data Set 2.1 shows the test scores of 15 students. 90, 89, 82, 87, 93, 92, 98, 79, 81, 80, 82, 95, 82, 89, 91. Data Set 2.1 i. ii. iii. Find the mean rounded to the nearest whole number. Find the median. Find the mode. ( 2 marks ) ( 3 marks ) ( 1 mark )
b.
Data Set 2.2
SECTION A : ANSWER ALL QUESTIONS ( 5 MARKS EACH )
1.1
A discount store sold plastic cups for $0.35 each and plastic plates for $0.40 each. If 200 plastic cups and plates were sold for a total of $76, how many cups and plates were sold?
1.2
Find the exact interest on a loan of $2000 at 11% annually. The loan was made on February 15 and was due on 25 August in a non-leap year.
1.3
A sofa set was purchased with $500 down payment and 24 payments of $125. i. ii. Find the installment price of the sofa set. If the cash price is $3250, find the finance charge and the amount financed.
1.4
Ace company would like to save $12,000 for a planned expansion in 3 years. How much money in a 6% three year certificate deposit that is compounded monthly must be invested now to have the $12,000 in three years?
1.5
Find the future value of a semiannual ordinary annuity of $5000 for ten years at 6% annual interest compounded semiannually.
1.6
Jack is purchasing a home for $200,000. Bank has approved his loan application for a 30 years fixed-rate loan at 7% annual interest. If Jack agrees to pay the down payment of 20% purchase price, calculate the monthly payment.
Quantitative Skills Past Year Paper Set 1
Page 2 of 6
1.7
The list price of a water filter is $1438. Ace appliance store can buy the water filter at a discount series of 20/10. i. ii. Find the trade discount. Find the net price of the water filter.
1.8
A netbook sells for $699. The markup rate is 40% of the cost. Find the cost of the netbook and the markup.
Quantitative Skills Past Year Paper Set 1
Page 3 of 6
SECTION B : ANSWER 4 OUT OF 6 QUESTIONS (15 MARKS EACH)
2.
a.
Data Set 2.1 shows the test scores of 15 students. 90, 89, 82, 87, 93, 92, 98, 79, 81, 80, 82, 95, 82, 89, 91. Data Set 2.1 i. ii. iii. Find the mean rounded to the nearest whole number. Find the median. Find the mode. ( 2 marks ) ( 3 marks ) ( 1 mark )
b.
Data Set 2.2