Form 1 Mathematics
Halima deposited Ksh. 109375 in a financial institution which paid simple interest at the rate of 8% p.a. At the end of 2 years, she withdrew all the money. She then invested the money in share. The value of the shares depreciated at 4% p.a. during the first year of investment. In the next 3 years, the value of the shares appreciated at the rate of 6% every four months
a) Calculate the amount Halima invested in shares.
b) Calculate the value of Halima's shares.
(i) At the end of the first year;
(ii) At the end of the fourth year, to the nearest shilling.
c) Calculate Halima„s gain from the share as a percentage.
(ii) Find the values of x and y.
(iii) Calculate the time taken before the policemen were unable to
Related Questions and Answers on Commercial Arithmetic I
P.O Box 1189 - 40200 Kisii
Tel: 0728 450 424
Tel: 0738 619 279
Tel: 0763 450 425
E-mail - email@example.com