Question2 [20marks]

A flowerpot is marked up $12, which is 48 percent of thecost.

Find thecost.

(4 Marks)

Find the sellingprice.

(3 Marks)

A lamp costs $88. Find the selling price if the markup is 42 percent of the sellingprice.

(7 Marks)

A room air conditioner that originally sold for $699.99 was reduced to sell for$499.

Find themarkdown.

(3 marks)

Find the rate ofmarkdown.

(3Marks)

Question3 [20marks]

Hamid invests $8,560 at 4 percent simple interest in a bank. Find the amount in the account after 10months.

(5 marks)

Donald saves$15,000on20March2019inanaccountthatofferr%simpleinterestper year. If the exact simple interest earned on 8 June 2019 is$80.00.

Find the exact time of theinvestment.

(3 Marks)

Find the value of r using exacttime.

(4 Marks)

ApromissorynotetoSitifor$5000at8%annualsimpleinterestfromMay5toSeptember 5.

Find the bank discount using exact time and ordinaryinterest.

(4 marks)

Find the proceeds using ordinaryinterest.

(4marks)

Question4 [20marks]

Five years ago, Adib saved $10,000 in an account that pays 6% compounded monthly. Nowheintendstoaddanother$xintotheaccount.Determinethevalueofxiftheaccount will amount to $30,000 in 10 years'time.

(8 marks)

Angus invested $2,000 in an account that offered interest rate 8 percent compounded quarterly. Find the value of this investment after 5years.

(6 Marks)

Findthefuturevalueofa3yearsinvestmentof$5,000thatearns6percentcompounded monthly.