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Business Mathematics Assignment 2023/24

This document outlines an individual assignment for the course 'Elements of Business Mathematics and Statistics' at the Institute of Accountancy Arusha for the academic year 2023/2024. It includes four questions covering topics such as solving equations, matrix inverses, geometric progressions, interest calculations, and cost functions. The assignment must be submitted by November 13, 2023, at 12:45 PM.

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factorbeneth37
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20 views3 pages

Business Mathematics Assignment 2023/24

This document outlines an individual assignment for the course 'Elements of Business Mathematics and Statistics' at the Institute of Accountancy Arusha for the academic year 2023/2024. It includes four questions covering topics such as solving equations, matrix inverses, geometric progressions, interest calculations, and cost functions. The assignment must be submitted by November 13, 2023, at 12:45 PM.

Uploaded by

factorbeneth37
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

INSTITUTE OF ACCOUNTANCY ARUSHA (IAA)

DEPARTMENT OF EDUCATION AND COMMUNICATION STUDIES

PROGRAMME: BTCFB/BTCPLM/BTCCIT/BTCBM/BTCEF/ BTCIRM/ BTCMC/

BTCNN/ BTCMPR/ BTCMAD /BTCMM

COURSE/MODULE: ELEMENTS OF BUSINESS MATHEMATICS AND

STATISTICS

CODE: AFT-04110, BMT 04106, ITT 04103

INDIVIDUAL ASSIGNMENT

ACADEMIC YEAR 2023/2024

INSTRUCTIONS

 This assignment consists of four questions. Answer all questions

 Show your work clearly

 The front page must be printed (see the format attached below)

 Deadline for submission of this assignment is 13th November 2023 at 12.45pm


QUESTION ONE (15 marks)

a. Solve the equation x2-5x+6=0 by completing the square method: (5 marks)


b. Solve the following equations: x=8-2y
x+y=5
i. By elimination method (5 marks)
ii. By graphical method (use graph papers) (5 marks)

QUESTION TWO (15 marks)

Given that and

Find the inverse of matric C such C=AB

QUESTION THREE (15 marks)

a. The fourth term of the geometric progression is 24 and the sixth term is 96. Find:

i. The sum of the first four terms of this series (3 marks)


ii. The sun of the nth term of this series (2 marks)
b. Find the interest on $640 invested from March 15 to September 1 2023 at 5% rate of
interest per year. (5 marks)
c. A principal of TSh.1,000,000 is invested at 8% interest for 3 year. Determine the total
amount at the end of three years if the interest is compounded semi-annually (5 marks)

QUESTION FOUR (15 marks)

The function f(x) = x2+16x+100 represents the cost function for producing a certain
product. Where x is the number of item produced.

a. Find the turning points of the curve represented by this function (hint: use method of
differentiation). (10 marks)

b. Find the minimum/maximum cost (5 marks)


INSTITUTE OF ACCOUNTANCY ARUSHA (IAA)

DEPARTMENT OF EDUCATION AND COMMUNICATION STUDIES

INDIVIDUAL ASSIGNMENT

COURSE/MODULE: ELEMENTS OF BUSINESS MATHEMATICS AND

STATISTICS

MODULE CODE:……………………………………………..

FACILITATOR: ………………………………………………..

ACADEMIC YEAR 2022/2023

SEMESTER: ONE

NAME OF STUDENT: …………………………………………..

PROGRAM:………………………………………

REGISTRATION NUMBER: ………………………………

SUBMISSION DATE:

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