TIME allowed (13minutes)
Model exam of financial mathematics
1. How much will $1000 amount to in five years at 12 percent per annual, compounded
quarterly?
A.1762.34 B.1573.52 C. 1806.11 D. 1036
2. Which one of the following is not principal element of financial mathematics?
A. Interest B. Annuities C. Bond D. Effective rate
3. The table below summarizes the distribution of grade-point averages for a group of 100
students. The first row gives the number of students having the grade point averages listed in
the second row, What is the probability that a student has a grade point average greater than
2.5 but not greater than 3.5?
No of student 7 13 19 16 12 10 8 6 5 4
Grade average 2.1 2.3 2.5 2.7 2.9 3.1 3.3 3.5 3.7 3.9
point
A. 0.46 B. 0.52 C. 0.49 D. 0.71
4 .Suppose Bank A is willing to lend money at an annual rate of 3%, compounded monthly,
and Bank B is offering CDs at an annual rate of 4%, also compounded monthly, investor
recognizes this sure win opportunity and simply borrows an amount from Bank A at 3% and
immediately deposits it into Bank B at 4%.. This statement indicates
A. arbitrage B. option C. European Derivatives D. call and put options
5 If worth cost price of stock S0 =$ 100 , risk less rate asset rf =10 % , with exercised price
X =$ 110, and maturity time T =1 year then ,what is the call price C 0?
A. $11.36 B. $13.64 C. $ 2.5 D. $ 25
6. Which one is not true about European call and put options?
A. put option is profitable for PT :=(K −ST )+¿. ¿
B. Call option is profitable for C T :=(S T −K )+ ¿.¿
C. Put option gives the right to sell an underlying asset.
D. Call option gives the obligation to buy an underlying asset in the future.
Number theory model exam.
TIME allowed (17 minutes)
1. Which of the following is true about integer numbers?
A. It is closed under ordinary addition and multiplication
B. Every positive integer has multiplicative identity.
C. Every integers have additive inverse
D. Any non-empty subset of integers has least element.
2. If d (24,138)=24 x+ 138 y , then what is the values of x and y respectively?
A. ¿) B. ¿) C. ¿) D. (6 , 2)
3. Which of the following Diophantine Equations has no solution?
A. 6 x +51 y=22 C. 33 x+ 14 y=115
B. x +2 y=3 D. 3 x+ 18 y=48
4. The solution of linear congruence 25 x ≡ 2 ( mod 26 ) is
A. x ≡ 16 ( mod 26 ) C. x ≡ 6 ( mod 26 )
B. x ≡−10 ( mod 26 ) D. x ≡−4 ( mod 26 )
5. What is remainder if 11104 +1 is divided by 17?
A. -1 B.16 C. 2. D. 0
6. The representation of (14.4)ten in to base 4 is ____.
A. 32.123 B. 32.123 C. 32.12 D. 30.1413
7. Which of the following is not true statement?
A. Diophantine equations are equivalent form of linear congruence system
B. (33,56,65) is primitive Pythagorean triple
C. {-3,14,3,12,37,57,-2} is complete residue system of modulo7
D. Euler phi function is multiplicative arithmetic function.
