Form 3 Mathematics
Muga bought a plot of land for Ksh 280,000. After 4 years, the value of the plot-was Ksh 495 000. Determine the rate of appreciation, per annum, correct
to one decimal place.
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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.
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 Form 3 MathematicsForm 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.
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.
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. 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 MathematicsForm 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. 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.
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.
Form 3 MathematicsForm 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.
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%.
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.
Form 3 Mathematics | Topical Questions and Answers
A tailor intends to buy a sewing machine costs Kshs. 48,000. He borrows the money from a bank the loan has to be repaid at the end of the second year. The bank charges an interest at the rate of 24% per annum compounded half - yearly. Calculate the total amount payable to the bank.
In the month of January, an insurance salesman earned Kshs 6750 which was a commission of 4.5% of the premium paid to the company.
Free 1999 K.C.S.E Mathematics Topical Question & Answers Paper 1
The cost of a minibus was Kshs. 950,000. It depreciated in value by 5% per year for the first two years by 15% per year for the subsequent years.
Free 1999 K.C.S.E Mathematics Topical Question & Answers Paper 1A business woman opened an account by depositing Kshs. 12,000 in a bank on 1st July 1995. Each subsequent year, she deposited the same amount on 1st July. The bank offered her 9% per annum compound interest. Calculate the total amount in her account on
Free 1999 K.C.S.E Mathematics Topical Question & Answers Paper 1Free 1998 K.C.S.E Mathematics Topical Question & Answers Paper 2
A plot of land was valued at Kshs 50,000 at the start of 1994. It appreciated by 20% during 1994. Thereafter, every year, it appreciated by 10% of its previous years value.
The table below shows monthly income tax ratesA civil servant earns a monthly salary of Kshs 20,000 and is provided with a house at a nominal rent of Kshs 700 per month
A financial institution charges compound interest on money borrowed. A business woman borrowed Kshs. 16, 000 from the financial institution. She paid back Kshs 25,000 after 2 years. Find the interest rate per annum.A company saleslady sold worth Kshs 42, 000 from this sale she earned a commission of Kshs 4,000.
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