MUF0141
Fundamental Mathematics Unit 1
Exam Questions (2015-2)
Question 1 (5 marks)
The combined height of Jack (y cm) and Jill (x cm) is 315 cm. Jack is 45 cm less than twice the height of
Jill.
a) From this information, write two equations in terms of x and y.
(2 marks)
b) Hence, find the individual heights of Jack and Jill.
(3 marks)
MUF0141
Fundamental Mathematics Unit 1
Question 2 (14 marks)
a) Consider the sequence 97, 91, 85, 79, …
(i) If the nth term of this sequence is given by tn = xn + y,
determine the values of x and y.
(2 marks)
(ii) If tn = 5, what is the value of n?
(1.5 marks)
b) Consider the geometric sequence 168, b, 42, ..........., where b > 0.
(i) Calculate the value of b.
(2.5 marks)
(ii) Calculate the sum of the first 8 terms. Give the answer correct to two decimal places.
(2 marks)
(i) Calculate the sum to infinity.
(1 mark)
MUF0141
Fundamental Mathematics Unit 1
c) Calculate the first term of the arithmetic sequence with 5 th term 41 and 15th term 66.
(2 marks)
d) The sum of the first n terms of the geometric series: 1, 3, 9, ... is Sn = 29,524.
(i) Using this information, write an equation for Sn in the form .
r is the common ratio, and k is a number.
(2 marks)
(ii) Hence, calculate n.
(1 mark)
MUF0141
Fundamental Mathematics Unit 1
Question 3 (17 marks)
a) To renovate her bathroom, Olga borrowed $19,500 at a flat rate of interest of 5.4% per annum.
The loan is repaid in fortnightly (every two weeks) instalments over 4 years.
[Assume that there are exactly 52 weeks in a year.]
(i) Calculate the amount of interest paid on this loan.
(1 mark)
(ii) Calculate the total amount to be repaid on this loan.
(1 mark)
(iii) Calculate the amount of each fortnightly repayment.
(2 marks)
b) (i) Leo earned $1,980 in interest from $18,000 invested in a simple interest account for three
years. Calculate, to two decimal places, the annual rate of interest.
(2 marks)
(ii) On another investment, Leo can collect $2,000 in simple interest if he invests $x at r%
p.a. for T years. How much simple interest would Leo collect if he invested $(3x) at (2r)%
p.a. for (1.5T) years?
(2 marks)
MUF0141
Fundamental Mathematics Unit 1
c) Alice invested $12,000 at 3% per annum with interest compounded monthly for five years.
(i) Calculate the total amount of interest Alice makes on her investment after five years.
Give your answer to the nearest dollar.
(5 marks)
(ii) Calculate the number of complete months that it takes for the total of Alice’s
investment to first exceed $18,000. You may use Financial Solver on your calculator.
(3 marks)
MUF0141
Fundamental Mathematics Unit 1
Question 4 (11 marks)
a) Mr Foo borrowed $48,000 on a reducing balance loan at 6% per annum, with interest debited
monthly. He will make monthly repayments of $800.
After four years, how much will Mr Foo owe?
(Show the formula that you use and show your working)
(4 marks)
b) When the loan has been paid off, what is the value of A in the annuities formula?
(1 mark)
c) Mr Foo wants to obtain an equation which can be used to calculate n, the number of monthly
payments needed to pay off the loan. Write an equation in the form an = b.
(Show your working)
(3.5 marks)
d) Using Financial Solver on your calculator, or otherwise, calculate n.
(1 mark)
e) The result of your calculation will not be a whole number. Round your result appropriately and briefly
explain why you rounded it that way.
(1.5 marks)
