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BNU1501 EXAM PACK 2024
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QUESTIONS AND ANSWERS BNU1501 EXAM PACK 2024
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lOMoAR cPSD| 42036583[Company name]
BNU1501
EXAM PACK
2024
QUESTIONS WITH DETAILED ANSWERS
, lOMoAR cPSD| 42036583
QMI1500
Question
BNU1501 EXAM PACK 2024
Question 1
The straight‐line graph defined by the equation
𝑦 = 2𝑥 - 4
will cut the y‐axis at the point
[1] 0; 4 .
[2] 4; 2 .
[3] 2; 4 .
[4] 0; 4 .
Question 2
Bandile wants to start cycling and she wants to know the slope of the route she is planning to take. If her location is
indicated on a co‐ordinate system of axes, her starting point is at 2; 3 and her finishing point is at 8; 6 . Determine the
slope when a straight line is drawn between these points. State whether the line has a descending or ascending trend
from left to right on the co‐ordinate system of axes.
[1] 2 The line has a descending trend from left to right.
[2] The line has a descending trend from left to right.
[3] 2 The line has an ascending trend from left to right.
[4] The line has an ascending trend from left to right.
Question 3
Determine the equation of a straight line drawn below:
[1] 𝑦 2𝑥 2
, lOMoAR cPSD| 42036583
[2] 𝑦 𝑥 2 [3] 𝑦 𝑥
2
[4] 𝑦 𝑥 2
Question 4
The slope of the line joining points 3; 2 and 0; 𝑎 is 1. Determine the value of 𝑎.
[1] 𝑎 5
[2] 𝑎 1
[3] 𝑎 1
[4] 𝑎 5
Question 5
Jim took a loan of R30 000,00 for 18 months at a simple interest rate of 12,5% per year. Determine the amount that Jim
will pay in 18 months.
[1] R35 625,00
[2] R97 500,00
[3] R86 250,00
[4] R101 250,00
Question 6
John borrowed a certain amount of money from Tebogo at a simple interest rate of 8,7% per year.
After five years John owes Tebogo R10 000,00. Calculate how much money John initially borrowed.
[1] R1 869,16
[2] R6 968,64
[3] R696,86
[4] R14 350,00
Question 7
An amount of R3 000,00 is invested for three years at a simple interest rate and it earned R905,00 interest. Determine
the simple yearly interest rate at which the money was invested. Give your answer as a percentage, rounded to two
decimal digits.
[1] 30,17% [2] 0,10%
[3] 10,06%
[4] 0,77%
, lOMoAR cPSD| 42036583
QMI1500
Question
Question 8
Sam is going to university this year. He wants to pay for his registration and buy himself a laptop so he can do his
assignments and write his online exams. Sam borrowed R15 000,00 from his grandfather at an interest rate of 9,5% per
year, compounded monthly. Determine how much Sam will owe his grandfather after five years.
[1] R24 075,14
[2] R15 603,23
[3] R23 613,58
[4] R16 537,86
Question 9
Mrs Smith invests R25 000,00 in an account earning 7,5% interest per year, compounded weekly. After a number of
years, she receives double the amount she invested. Determine the period under consideration. Round your answer to
the nearest year.
[1] 1 years
[2] 2 years
[3] 9 years
[4] 8 years
Question 10
Mr Mahlangu invests R20 000,00 to pay for lobola. After 48 months he receives R65 000,00. The interest on the
investment is compounded quarterly. Determine the yearly interest rate at which the money was invested. Give your
answer as a percentage, rounded to two decimal places.
[1] 30,26%
[2] 30,58%
[3] 30,32%
[4] 30,96%
Question 11
Xolisile and Xolani are twins. To reward them for passing matric well, their parents gave them R20 000,00 each. Each
one of them decided to invest three quarters of their money for a period of three years. Xolisile invested her money at
a simple interest rate of 6,5% per annum. Xolani invested her money at an interest rate of 6,5% per annum,
compounded annually. What is the difference between the values of the two investments at the end of the period?
[1] R194,24
[2] R295,07
[3] R1 072,12
[4] R2 144,24
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