Quantitative Methods (BADB1014) January 2024 Final Examination This paper consists of TWO (2) sections. CONFIDENTIAL (100 MARKS) (30 Marks) SECTION A There are TEN (10) questions in this section. Answer all questions. 1. Tajwar Solutions Enterprise purchased paper products list priced at RM1,296 less series discounts of 20/10/5, with terms of 3/10-50 extra. If the retailer paid the invoice within 60 days, find the amount paid. (3 Marks) 2. Taariq's Electrical Sdn. Bhd., a retailer, paid RM2,200 for the latest model front load washing machine. The original selling price was RM2,681, but it was marked down 30%. If operating expenses are 20% of the cost, find the operating loss. (3 Marks) 3. Avinity Analytics Enterprise borrowed RM113,355 from a financial institution. The simple interest loan was repaid in 12 months at 9%. Find the amount of the repayment. (3 Marks) 4. Rafiq invest in an account for RM52,750 at a rate of 8.5%. Find how long it will take for his investment to earn RM678.90 in interest. (3 Marks) 5. Raheem Rahmat needs RM28,500 to computerize his inventory. Find the face value of a simple interest note that will provide the RM28,500 in proceeds if he plans to repay the note in 150 days and the bank charges an 11% discount rate. (3 Marks) 6. Microdium Distribution Sdn. Bhd. deposited RM39,800 in a savings account paying 3 % compounded daily on September 1 and deposited an additional RM9,120 in the account on September 20. Find the balance on November 30. (3 Marks) 7. Ramzi Razis the owner of Petro Vynzio Enterprise needs to replace two pumps at his gas station in 3 years at an estimated cost of RM24,000. What lump sum deposited today at 5% compounded annually must he invest to have the needed funds? (3 Marks) 8. Every 6 months, Refah Rafaz puts RM680 into an account paying 10% compounded semiannually. Find the account balance after 8 years. (3 Marks) 9. An insurance settlement includes an RM1,680 monthly payment for 4 years. Find the amount that must be set aside today in an account earning 12% per year compounded monthly to satisfy this financial obligation. (3 Marks) 10. Richard owes his mother RM75,000 for the purchase of machinery for his business. Find the required quarterly payment into a sinking fund if Richard pays off the loan in 4 years and the interest rate is 5% per year compounded quarterly. (3 Marks) 3