Assignment Question(s) (Allotted Marks: 15) Answer the following questions: (each question carries 1.5 marks) 1. Mohammed estimate that he will need RO 10,000 in 5 years to fund his university education. How much should he invest in a trust fund that pays an interest rate of 5% pa compounded quarterly? 2. Ahmed took a total of 32 quizzes over the course of 4 weeks. How many weeks of school will Ahmed have to attend this quarter before he will have taken a total of 48 quizzes? Assume the relationship is directly proportional 3. The sum of Amal's age and her mother's age is 38. After years Amal's age will be half of her mother's age. Find their present ages 4. If a trip between work and home takes 15 minutes each way, how much time will be spent in a 5-day work week traveling back and forth to work? 5. Grand hypermarket sells 5 times as much carpets as Lulu hypermarket. The difference between their sales is OMR 200. Find the sales of both the hypermarkets 6. Akbar bought a car on loan and pays the simple interest at 5% amounting to RO 3,000 per annum for 5 years to Bank Muscat. What was the principal amount of his loan? 7. A and B are started working for a company in similar jobs on January 1, 2020. A's initial monthly salary was OMR 500, which increases by OMR 50 after every year. B'S initial monthly salary was OMR 600, which increases by OMR 10 after every six months. If these arrangements continue till December 31, 2030. Find the total salary they will receive during that period 8. Ibri Company pays Ahmed two weeks once. I week he worked 50 hours including 10 hours overtime, 24 week he worked 40 regular hours and 8 hours overtime. He earns RO 5 per hour with time-and-half for overtime. Calculate Ahmed's gross pay for the two weeks? 9. Nizwa Company bought an equipment for manufacturing tube lights and the company management requested you to analyze and submit the report regarding the four major factors that required to consider for calculating depreciation of an equipment? 10. What do you understand from trade and cash discount? How to calculate trade discount, cash discount explain with suitable example
