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GR 12 TUTORIAL MEMO (BG) 27 JULY 2016 For the purposes of this test, a โslipโ is defined as an accidental mistake, such as adding two numbers incorrectly (e.g. 5 + 2 = 8) or writing a digit incorrectly (e.g. 1000 instead of 10000). An incorrect formula for financial maths results in a breakdown. 1.1 1.2 ๐ฅ = 1000 (1 + 0.1 โ4×10 ) 4 โpresent value โsubs = R372.43 โans (c.a. only for slips) 0.09 12๐ 18 732 = 10 000 (1 + ) 12 0.09 12๐ 1.8732 = (1 + ) 12 12๐ = log (1+0.09) 1.8732 โequation โall correct values ๐ = 6.9999 โ 7 โlogs i.e. ๐ = 7 years or 84 months. โvalue of ๐. (Note: There are two options here. Either define n as the number of years, or n as the number of months in which case one wouldnโt use 12n.) Accept 7 years, or 7 years and no months, or 84 months. (Answer has to be rounded to nearest month, not given in monthsโฆ) 12 โsimplify 2.1 Book value = 750 000(1 โ 0.2)5 = R245 760 โform (depr on dim bal.) โsubs 2.2 Future cost = 750 000(1 + 0.055)5 = R980 220.00 โformula โsubstitution 2.3 2.4.1 Shortfall = 980 220 โ 245 760 = R734 460 Let payment = ๐ฅ 3 โanswer (c.a. only for slips) 5 [8] 3 โanswer (c.a. only for slips) 3 โca: answer 1 0.07 12×5 0.07 12×3 734 460 = ๐ฅ (1 + ) + ๐ฅ (1 + ) 12 12 60 36 0.07 0.07 734 460 = ๐ฅ [(1 + ) + (1 + ) ] 12 12 โLHS โfirst pmt โsecond pmt Divide both sides by the coefficient of ๐ฅ, and plug the monster into a calculator: โca: rearranging/simplifying โด ๐ฅ = R277 097.12 โ answer. (only ca where appropriate) 5 2.4.2 Let payment = ๐ฅ โLHS 3.1 3.2 0.07 12×5 ๐ฅ [(1 + ) โ 1] 12 734 460 = 0.07 12 0.07 734 460 × 12 โด๐ฅ= 12×5 0.07 (1 + ) โ1 12 โด ๐ฅ = 10 258.80 โcorrect annuity formula โ ๐ด๐ โ โด ๐ด๐ = sin ๐ผ ๐ด๐ = ๐๐ถ โtrig statement sin ๐ผ = โsubs all values correctly โrearr โans โa: ans (no ca) 5 [17] 2 (given) ๐ด๐ถ 2 = ๐ด๐ 2 + ๐๐ถ 2 โ 2 โ ๐ด๐ โ ๐๐ถ โ cos 2๐ผ โ2 โ2 โ2 (1 โ 2 sin2 ๐ผ) = + โ 2 sin2 ๐ผ sin2 ๐ผ sin2 ๐ผ 2โ2 2โ2 = โ 2 + 4โ2 2 sin ๐ผ sin ๐ผ = 4โ2 โด ๐ด๐ถ = 2โ โcos rule โsubs โexpansion of cos 2๐ผ โ4โ2 โans. This is a โshow thatโ question, so the answer must be fully preceded by logical working. 5 3.3 1 Area of โณ ๐ด๐๐ถ = ๐ด๐ โ ๐๐ถ โ sin 2๐ผ 2 1 โ โ = โ โ โ 2 sin ๐ผ cos ๐ผ 2 sin ๐ผ sin ๐ผ โ2 cos ๐ผ = sin ๐ผ โArea rule โsubs โsin 2๐ผ expansion โans This is a โshow thatโ question, so the answer must be fully preceded by logical working. 4.1 Radius ๐ถ๐ โฅ tangent ๐ฆ-axis โa 4 [11] 1 4.2 ๐ฆ๐ถ = 2 โ๐ฆ (See 4.1) At C: 3๐ฅ + 4(2) + 7 = 0 โด 3๐ฅ = โ15 โด ๐ฅ = โ5 ๐ = ๐ถ๐ = 5 โsub โ๐ฅ (By inspection) โ๐ โด Equation of circle: (๐ฅ + 5)2 + (๐ฆ โ 2)2 = 52 4.3 ๐ท๐ธ = 10 units (Diameter) 4.4 Let the equation of the perpendicular bisector be given by ๐ฆ = ๐๐ฅ + ๐ โ1 + 0 โ1 + 2 ; ) 2 2 1 1 = (โ ; ) 2 2 โequation 5 โa 1 ๐๐๐ธ = ( ๐๐๐ธ = โmidpoint 2 โ (โ1) 0 โ (โ1) โ๐๐๐ธ =3 โด๐=โ 1 3 โ๐ Substitute in (โ1; โ1): 1 โ1 = โ (โ1) + ๐ 3 4 โด๐=โ 3 1 4 โด๐ฆ=โ ๐ฅโ 3 3 4.5 โsub โ๐ Perpendicular bisector of a chord passes through the centre C, and DE is a diameter, so both intersect at C. TOTAL: 50 The equation must be given or otherwise deduct a mark. โperp bisector of chord goes through centre โC lies on DE / DE is diameter 5 2 [14]