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I/C : 901002-01-6021
CLASS : 5 GEMILANG
ADDITIONAL MATHEMATICS PROJECT WORK 2007
FORM 5
Ang, Bakar and Chandran are friends and they have just graduated from a
local university. Ang works in a company with a starting pay of RM 2000 per month
.Bakar is a sales executive whose income depends solely on the commission he
receives. He earns a commission of RM1000 for the first month and this commission
increases by RM1000 for each subsequent month. On the other hand, Chandran
decides to go into business. He opens a café and makes a profit of RM100 in the first
month. For the first year, his profit in each subsequent month is 50% more than that
the previous month.
In the second year, Ang receives a 10% increment in his monthly pay. On the
other hand, the commission received by the Bakar is reduced by RM50 for each
subsequent month. In addition, the profit made by Chandran is reduced by 10% for
each subsequent month.
Solution
Question 1
(a) How much does each of them receive at the end of the first year?
(Two or more methods are required for this question.)
Method 1:
Calculation month by month
Ang : RM24000.00
Bakar : RM18600.00
Chandran : RM25749.27
Method 2:
Arithmetic progression and Geometric progression
Wher
a = fisrt term
Tn = a+(n-1)d e
d = common difference
where ,
a = beginning of month a = 2000
n = no. of month n = 12
d = salary change per month d = 2000
T12 = RM2000+(12-1)(RM2000)
= RM2000+(11)(RM2000)]
= RM 24000
n Wher
a = fisrt term
Sn = [2a+(n-1)d] e
2
d = common difference
where ,
a = beginning of month a = 1000
n = no. of month n = 12
d = salary change per month d = 1100 - 1000
= 100
12
S12 = [2(RM1000)+(12-1)(RM100)]
2
= 6 [RM2000+(11)(RM100)]
= RM 18600
a (r n-1) Wher
a = fisrt term
,r> e
Sn =
r-1 1 r = common
ratio
where ,
a = beginning of month a = 100
n = no. of month n = 12
r = ratio of salary change per month r 150
=
100
(RM100) ((150/100) 12 – 1)
S12 =
(150/100) -1
= RM25749.26758
Comment:
For the 3 different source of income that are fixed salary for Ang, salary based on
commission for Bakar and business profit for Chandran, the highest percentage of
income change is Chandran which record a change of 116.94% whereas the lowest
percentage change is Ang which is 10% only.
(c) Ang, Bakar and Chandran, each decided to open a fixed deposit account of
RM10 000 for three years without any withdrawal.
- Ang keeps the amount at an interest rate of 2.5% per annum for a duration of
1 month renewable at the end of each month.
- Bakar keeps the amount at an interest rate of 3% per annum for a duration of
3 months renewable at the end of every 3 months.
- Chandran keeps the amount at an interest rate of 3.5% per annum for a
duration of 6 months renewable at the end of every 6 months.
(i) Find the total amount each of them will receive after three years.
For Ang,
T = arn-1
where ,
a = beginning of the month a = 10000
r = common ratio of interest rate r = 1 + 0.025÷12
n = no. of period n = 37
For Bakar,
T = arn-1
where ,
a = beginning of the month a = 10000
r = common ratio of interest rate r = 1 + 0.03÷4
n = no. of period n = 13
For Chandran
T = arn-1
where ,
a = beginning of the month a = 10000
r = common ratio of interest rate r = 1 + 0.035 ÷ 2
n = no. of period n=7
Ang,
RM 10778.00 – RM 10000.00 = RM 778.00
Bakar,
RM 10938.07 – RM 10000.00 = RM 938.07
Chandra,
RM 11097.02 – RM 10000 = RM 1097.02
Thus, comparing the above values for the difference in interest receive
Chandran has the highest value of interest receive at the interest rate of 3.5% per
annum 6 months renewable whereas Ang has the lowest value of interest receive at
the interest rate of 2.5% per annum renewable monthly.
(a)When Chandran's first child, Johan is born, Chandran invested RM300 for
him at 8% compound interest per annum. He continues to invest RM300 on each of
Johan's birthday, up to and including his 18th birthday. What will be the total value
of the investment on Johan's 18th birthday?
For example,
Year 1 ,
T1 = RM300 X 1.08%
= RM324
As year 1 is the starting year thus Chandran has not invested the additional RM300.
Year 2,
T2 = (RM324 +RM300) X 1.08%
= RM673.92
Year 17,
T17 = (RM9825.07+RM300) X 1.08%
= RM10935.07
Thus, Year 18
T18 = (RM10935.07+RM300) X 1.08%
= RM12133.88
(b) If Chandran starts his investment with RM500 instead of RM300 at the same
interest rate, calculate on which birthday will the total investment be more than
RM25 000 for the first time.
Based on the question , the initial investment of Chandran has changed from
RM300 to RM500 but remain RM300 in the subsequent years of investment.
Based on the table constructed, the total investment will be more than RM25000 the
first time is at year 21.