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Bukit Mertajam 2013 M3 (Q&a)
Bukit Mertajam 2013 M3 (Q&a)
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(a) Show that the game has a stable solution. [3]
(b) State the value of the game. [1]
(c) Determine the optimal strategy for each player. [2]
Section B [15 marks]
Answer any one question in this section.
7. Two year ago, En. Lee deposited RM5000 in a saving account in Bank A at an annual
interest rate 10% compounded every six months. At the same time, he deposited RM 100 at
the end of every month in another account in Bank B at an annual interest rate 6%
compound monthly. Today, he intends to withdraw all his money from both accounts to pay
part of the 10% down payment for a new car. The price of the car is RM90000.
(a) Calculate the effective rate corresponding to a nominal interest rate 10% per year
compounded every six months. [2]
(b) Calculate the total withdraws from both accounts. [7]
(c) Find the additional amount to settle the down payment. [2]
(d) En. Lee plans to take up a loan from a finance company to settle the 90% balance of
the price of the car. The company charges 5% interest compounded monthly and the
loan is payable in 8 years. Find the monthly payment. [4]
8. The demand and supply functions for an item are
2
50 ) ( x x D y = = and
10 3 ) ( + = = x x S y respectively, where x represents the number of item and y represents the
prices in RM.
(a) Find the market equilibrium point. [3]
(b) On the same graph, sketch the demand and supply curves and shade the consumers
and producers surplus regions. [4]
(c) Determine the consumers surplus and producers surplus. [8]
END OF QUESTION PAPER