Question: 1 Futurepip Assert Management is a financial house which has two branches; one in Accra and the other in Legos. 2014 was a boom financial

 1 Futurepip Assert Management is a financial house which has two

1 Futurepip Assert Management is a financial house which has two branches; one in Accra and the other in Legos. 2014 was a boom financial year for this young company of which the company made net positive return of $250 million. In comparative analysis to determine which of the two markets is more viable, it came out clearly that Accra market is $40 million more than twice the Legos market. (a) Formulate appropriate system of equations for the net financial return the 2014 (3 Marks) financial year. (3 Marks) (b) At what rate will $1200.00 invested in an account with continuous compounding rate promising $2893.08 in 11 year time? 2 Kafui went to Accra Mall to buy a pair of shoes. He gave out ghc250.00 to the cashier and got change of ghc10.00 back. He, further, enquired why the price of the shoes is that high. In response to his enquiry, the cashier made him aware that the amount he paid is the price of the pair of shoes and 17.1% sale's tax. Kafui wants to know how much he paid as tax and how much is the purchasing price of the shoe. (a) Advise Kafui on the purchasing price (the price of the shoe excluding tax). (4 Marks) (b) Advise Kafui on how much tax he paid for buying the pair of shoes. (3 Marks) 3 A certain amount of money is divided among A, B and C such that A gets half of what B and C gets together. B gets one third of what A and C together get. If A got GH 500 more than B. (a) How much money was divided? (4 Marks) (b) Find the ratio by which the money is shared (1 Mark) (c) Find the proportion cach received. (1 Marks) (d) Express (c) above in percentage term. (1 Mark)

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