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31 views2 pages

Individual Assignment

Uploaded by

Hans
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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INSTITUTE OF ACCOUNTANCY ARUSHA

BUSINESS MATHEMATICS

INDIVIDUAL ASSIGNMENT

PROGRAMS:: BAA, BA IT, BFB, BEF, BET, BBM, BPLM, BMPR, BIRM Appr

ACADEMIC YEAR: 2024/2025 FIRST YEAR, SEMESTER 1

SUBMISSION: 10TH JANUARY 2025 12:00 HRS

QUESTION ONE (25 marks)

a) Give four characteristics for a matrix to be in row echelon/canonical form


b) By using a row echelon form find the inverse of matrix A below

A=[ ]

c) A manufacturer produces three products P, Q and R, which he sells in two


markets. Annual sales volumes are indicated as follows:
Products:

MARKETS: ( )

If unit sale prices of P, Q and R are $250, $125 and $150 respectively, find the total
revenue in each market with the help of matrix algebra. And if the unit costs of the
above three commodities are $180, $120 and $80, find the gross profit.

QUESTION TWO (25 marks)

a) The cost price of a machine is $50000. If the price of this machine depreciated by
10% annually, what will be its estimated price at the end of 7 years?
b) A man secures an interest free loan of $14500 from a friend and agrees to repay
it in 10 installments. He pays $1000 as first installment and then increases each

1
installment by equal amount over the preceding installment. What will be his last
installment?

QUESTION THREE (25 marks)

a) Show that n +1Cr = nCr + nCr –1.


b) From 6 boys and 4 girls a committee of 6 is to formed. In how many ways can
this be done if the committee contains (i) exactly 2 girls (ii) at least 2 girls.
c) A cricket team consisting of 11 players is to be formed from 16 players of whom
6 persons are bowlers. In how many different ways can a team be formed so that
the teams contain at least 4 bowlers?

QUESTION FOUR ( 25 marks)

a) The amount demanded of a commodity is zero unit when the price is 160,000
Tshs. and 1000 units when the price is zero. If the demand is assumed to be
straight line, find its equation.
b) A group of wholesalers will buy 50 dryers per month if the price is 330,000 Tshs
and 30 dryers per month if the price is 495,000 Tshs. The manufacturer is
willing to supply 20 dryers per month if the price is 346,500 Tshs and 30 dryers
per month if the price is 379,500 Tshs. Assuming that the demand and supply
functions are linear, find the equilibrium point for the market

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