Form 1 MathematicsA businessman obtained a loan of sh.450,000 from a bank to buy a matatu valued at the same amount. The bank charges interest at 24% per annum compounded equation. 2x2 + x – 5 = 0 to 1 decimal place.
ANSWER
Form 1 Mathematics
The hire purchase (H.P) price of a public address system was Kshs 276000. A deposit of Kshs 60000 was paid followed by 18 equal monthly installments.
The cash price of the public address system was 10% less than the H.P price. (a) Calculate (i) The monthly installments (ii) The cash price (b) A customer decided to buy the system in cash and was allowed a 5% discount on the cash price. He took a bank loan to buy the system in cash. The bank charged compound interest on the loan at the rate of 20% p.a. The loan was repaid in 2 years. Calculate the amount repaid to the bank by the end of the second year (c) Express as a percentage of the Hire Purchase price, the difference between the amount repaid to the bank and the Hire Purchase price
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Form 3 Mathematics
The table below shows income tax rates in a certain year
In that year, a monthly personal tax relief of kshs 1056 was allowed .calculate the monthly income tax paid by an employee who earned salary of Ksh 32 500.
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Form 3 Mathematics
In June of a certain year, an employee's basic salary was Ksh 17000. The employee was also paid a house allowance of Ksh 6000, a commuter allowance
of Ksh 2500 and a medical allowance of Ksh 1 800. In July of that year, the employee's basic salary was raised by 2%. (a) Calculate the employees: (i) basic salary for July; (ii) total taxable income in July of that year. (b) In that year, the Income Tax Rates were as shown in the table below: 
Given that the Monthly Personal Relief was Ksh 1056, calculate the net tax paid by the employee.
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Form 3 Mathematics
A water pump costs Kshs. 21600 when new. At the end of first year its value depreciates by 25%. The depreciation by the second year is 20% and thereafter the rate of the depreciation is 15% yearly. Calculate the exact value of the water pump at the end of the fourth year.
Answer
Form 1 Mathematics
A Forex Bureau in Kenya buys and sells foreign currencies as shown below:
Buying Selling Currency (Ksh) (Ksh) Chinese Yuan 12.34 12.38 South African Rand 11.28 11.37 A businesswoman from China converted 195 250 Chinese Yuan into Kenya shillings. (a) Calculate the amount of money, in Kenya shillings, that she received. (b) While in Kenya, the businesswoman spent Ksh 1 258 000 and then converted the balance into South African Rand. Calculate the amount of money, to the nearest Rand, that she received.
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Form 3 Mathematics
Each month, for 40 months, Amina deposited some money in a saving scheme. In the first month she deposited sh 500. Thereafter she increased her deposits by sh.50 every month.
Calculate the:
Form 3 Mathematics
The table below shows Kenyan tax rates in a certain year
In that year Muhando earned a salary of Ksh. 16510 per month. He was entitled to a monthly tax relief of Kshs 960.
Calculate:
aNSWER
Form 3 Mathematics
The table below shows income tax rates.
In certain year, Robi‟s monthly taxable earnings amounted to Kshs. 24 200.
a) Calculate the tax charged on Robi‟s monthly earnings. b) Robi was entitled to the following tax reliefs: I: monthly personal relief of Ksh 1 056; II: Monthly insurance relief at the rate of 15% of the premium paid. Calculate the tax paid by Robi each month, if she paid a monthly premium of Kshs 2 400 towards her life insurance policy.
answers
Form 3 Mathematics
A house is to be sold either on cash basis or through a loan. The cash price is sh.750,000. The loan conditions area s follows: there is to be down payment of 10% of the cash price and the rest of the money is to be paid through a loan at 10% per annum compound interest.
A customer decided to but the house through a loan.
Answer
Related Questions and Answers on Commercial Arithmetic IIForm 3 Mathematics
The average rate of depreciation in value of a water pump is 9% per annum. After three complete years its like value was sh 150,700. Find its value at the start of the three – year period.
Answer
Form 3 Mathematics
The table below is a part of tax table for monthly income for the year 2004
In the tax year 2004, the tax of Kerubo's monthly income was Kshs 1916
Calculate Kerubos monthly income
answer
Form 3 Mathematics
In this question, mathematical table should not be used A Kenyan bank buys and sells foreign currencies as shown below
A tourists arrived in Kenya with 105 000 Hong Kong dollars and changed the whole amount to Kenyan shillings. While in Kenya, she pent Kshs 403 897 and changed the balance to South African rand before leaving for South Africa. Calculate the amount, in South African rand that she received.
answer
Form 3 Mathematics
A telephone bill includes Ksh.4,320 for local calls, Ksh.3,260 for trunk calls and a rental charge of Kshs.2,080 .A value added tax (V.A.T.) is then charge at 15%.
aNSWER
Form 3 Mathematics
The table shows income tax rates
A company employee earn a monthly basic salary of Kshs 30,000 and is also given taxable allowances amounting to Kshs 10, 480.
Answer
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