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You are on page 1of 25

(a) The Holden Car Company offers a loan of $50000 on any of their cars

purchased before 31st May, 2003. The loan attracts an interest of just

1

% per month, and to celebrate Holdens 75 years in Australia the

2

company also offers an interest free period for the first six months.

However, the first repayment is due at the end of the first month.

A customer takes out the loan and agrees to repay the loan over ten

years by making 120 equal monthly repayments of M. Let An be the

amount owing at the end of the nth repayment (in $), then:

1

(i) Show that A6 50000 6M

2

(ii) Show that A8 (50000 6M ) 1.0052 M (1.005 1)

(1.005114 1)

(iii) Hence, show that A120 (50000 6M ) 1.005114 M 2

1.005 1

50000 1.005114

(iv) Hence, show that M 1

1.005114 1

6 1.005114

0.005

(v) Finally, find the value of the monthly repayments to the nearest 1

cent.

(b) How many terms of the series 23 19 15 ..... must be added to give a 3

sum of 50?

(c) The first term of an arithmetic series is 3 and the twentieth term is 3

136. Find the common difference and the sum of 20 terms.

(d) 1 1 1 7

The series ..... is a geometric series.

3 6 12

Question Eight (20 Marks)

(a) From the diagram, write down the value of: 6

15

x y

8

10

(i) cos y

(ii) sin x

(iii) cot x

(iv) cosec y

(v) sec x

(vi) cot y

43

7

11

sec . Find the exact value of:

3

(i) cosec

(ii) cot

(d) 2

40 43

x 50

Find the value of h and x to 2 decimal places.

a

(i) a b tan

a2

(ii) sin 2

a 2 b2

End of Examination.

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