Assignment:
Task 1 (MLO 1)
(a) Perform the following mathematical operations;
(i) ¾ + ? - ?
(ii) ? ÷ 1/ 9
(iii) Increase €500 by 4%
(iv) Reduce €22.50 by 5.5% (give answer correct to 2 decimal places).
(b) (i) Express 125 as a percentage of 70 (give answer correct to 2 decimal places)
(ii) Using a conversion rate of 1 mile = 1.608km, convert 180km to miles (give answer correct to the nearest mile).
(iii) Using a conversion rate of 1 gallon = 4.55 litres, convert 25 gallons to litres.
(iv) Calculate 54 + √225
(c) Eugene, Tara and Fintan set up a business. Eugene contributes €15,000, Tara contributes €20,000 and Fintan contributes €10,000. In their first year's trading the business generates a profit of €122,000. If the profit is allocated in the same ratios as the capital contributions how much will each partner receive? Give answers correct to 2 decimal places.