GARDEN CITY UNIVERSITY COLLEGE, KUMASI.

Faculty of Business Studies

Department of Managerial Science &

Department of Accounting and Finance

End of First Semester Examination

First Year

MTH 101: Quantitative Techniques I

JANUARY, 2015 TIME: TWO AND HALF HOURS

INDEX NUMBER:………………………………………………………

Instructions:

 Answer ALL Questions.

 Please make sure you have all 4 pages of questions.

 Write your Index Number boldly in the space provided on this page and every other sheet.

 Programmable and Graphing Calculators are NOT ALLOWED for this work.

1
1. Solve each of the following linear equations below. Marks

 x  2x  5 1
a. 2  3     5
 4 3 3

3w  1 7w  2
b. 1  5
5 15

10 y 1 2 y  2
c.   5
9 3 9

2. a. P, Q, and R are subsets of  2,3, 4,5, 6, 7,8,9 . P=  x : x  6 , Q=  y : 3  y  8 , c

and R= {x : x is even }

i. Find the set  P  Q   R is

4
ii. The set P  R ' is 4

b. The Venn diagram below shows a class of students studying one or more of three
subjects, Mathematics (M), English (E), and Religion (R)


E(16)
M(22)

2
14 – y 5
6
7 3

10 – x
R(18)

i. Find x, y and n(U). 5

ii. Find the number in the set  M  E  ' R 2

2
3. a. Solve the set of equations and leave your answer in terms of k first using the matrix
approach and second using crammer’s rule.

x  2 y  9z  8
3x  4 y  2 z  5 10
6x  y  5z  k

 2 1
 1 4 1 6 
b. If A 4 3 and B
 5 1   3 5 0 2 
 

Find  AB  .
T
5

4. a. A merchant plans to sell two models of home computers at costs of $250 and $400,
respectively. The $250 model yields a profit of $45 and the $400 model yields a profit of $50.
The merchant estimates that the total monthly demand will not exceed 250 units. Assume that the
merchant does not want to invest more than $70,000 in computer inventory. Model this problem
using linear programming.
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b. Find the minimum value of the objective function
z  x y
Where x  0 and y  0 Subject to the constraints
x  2y  4
4 x  2 y  12 10
x  y  1

5. Solve the simultaneous equation below.

x y 5
a. 3
xy  6

x y 5
b. 4
x 2  y 2  5

x y 3
c. 4
xy  x  1

3
 3x  2 y  10
d. 4
3x 2  xy  2 y 2  50

6. a. $1400 is divided between two accounts. One account pays 3% interest, while the other pays
4% interest. At the end of one interest period, the interest earned was $50. How much was
invested in each account? 3

b. Kim and Cyndi are starting a business tutoring students in math. They rent an office for $400
per month and charge $40 per hour per student.  If they have 15 students each for one hour per
week how much profit do they make together in a month? (assume 4 weeks per month). 3

c. $200,000 depreciates at 10% per annum over four years. Using reducing balance
depreciation, calculate the depreciated value. 3

d. A test has twenty questions worth 100 points.  The test consists of True/False questions worth
3 points each and multiple choice questions worth 11 points each.  How many multiple choice
questions are on the test? 3

e. Find the present value of a debt valued at $120, 000 taken out over 3 years, with no
intermediate payments, given that the borrowing rate is 15 percent per year and the discount rate
or the worth of money is 10 percent. 3