Commercial Arithmetic Questions and Answers

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determine the number of years it will take for an investment of ksh2100000 to grow to ksh 3108513 if the interest rate is 16% per year compounded quarterly

asked Jul 22, 2021 in Mathematics Form 3 by RodahMakheti

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A saleswoman is paid a commission of 2% on goods sold worth over Ksh 100,000. She is also paid a monthly salary of Ksh 12,000.In a certain month, she sold 360 handbags at Ksh 500 each.

asked Jul 21, 2021 in Mathematics Form 3 by anonymous

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Mrs.Langat ,primary school head teacher earns a basic salary of sh.38,300 house allowance of sh.12,000 and radical ,allowance of sh.3,600 every month. She claims a family relief of sh.1172 and insurance relief of 10% of the premium paid. Using tax rates table below.

asked Jul 21, 2021 in Mathematics Form 3 by anonymous

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A new laptop depreciates at 8% per annum in the first year and 12% per year in the second year. If its value at the end of the second year was sh.121,440, calculate its original value.

asked Jul 21, 2021 in Mathematics Form 3 by anonymous

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The marked price of a laptop is Kshs. 60,000. A customer buys it at shs. 73500 on hire purchase terms. If the deposit paid is Kshs. 7500 and an interest of 22½% p.a is charged on the balance. Calculate the number of months it takes to clear the balance.

asked Jul 2, 2021 in Mathematics Form 3 by anony mous

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Mr. Omondi paid a tax of Kshs.2512 in the month of July. In that month he received a house allowance of Kshs. 5000 and a tax relief of shs. 1056. Use the table below to find his monthly basic salary in shillings.

asked Jul 2, 2021 in Mathematics Form 3 by anony mous

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The table below shows taxation rates in Kenya

asked Jun 30, 2021 in Mathematics Form 3 by anonymous

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Peter bought a shirt and sold it to Kamau at a profit of 10%. Kamau sold the same shirt to Rony at a price of Kshs 2700/= thus making a loss of 15%. Find the price Kamau bought the shirt from Peter.

asked Jun 30, 2021 in Mathematics Form 1 by anony mous

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Find the selling price of 6 kg of a mixture of maize flour and millet flour if 4 kg of maize flour costing sh. 60 per kg is mixed with 6 kg of millet flour costing sh. 45 per kg and a profit of 20% is realized.

asked Jun 30, 2021 in Mathematics Form 3 by anonymous

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The table below shows the income tax rates for a certain year

asked Jun 18, 2021 in Mathematics Form 3 by anony mous

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The cash price of a cooker is Ksh 27 500. A customer opts to buy the cooker on hire purchase terms by paying a deposit of Ksh 17250. Determine the monthly rate of compound interest charged on the balance if the customer is required to repay by six equal monthly instalments of Ksh 2 100 each.

asked Jun 18, 2021 in Mathematics Form 3 by anony mous

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