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Updated: Sep 02, 2026
Q & A: 57 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Financial Mathematics Basics | 20% | - Annuities and perpetuities - Interest rates and discounting - Time value of money - Basic investment and cash flow concepts |
| Fundamental Mathematics | 30% | - Algebra, equations and inequalities - Differential and integral calculus - Mathematical constants and standard functions - Numerical methods - Sequences and series |
| Introduction to Actuarial Concepts | 10% | - Overview of actuarial work and risk management - Basic actuarial applications |
| Probability and Statistics | 40% | - Discrete and continuous probability distributions - Statistical inference and hypothesis testing - Basic probability theory - Data presentation and analysis - Measures of location, dispersion and correlation |
Question 1
The particular solution of the second-order difference equation
Determine the values of(A, B).
A. (5,-2)
B. (-2, 3)
C. (-2,5)
D. (-3, 2)
Question 2
A student is trying to estimate the root of the equation
Determine which of the suggestions will lead to the root.
A. I and IV only
B. II and III only
C. II and IV only
D. I and II only
Question 3
Consider the function f(x)x2 6x=20. This functions has a stationary point at x=3.
Determine the nature of this stationary point and how we know this to be true.
A. It is a maximum stationary point because the second derivative of the function with respect to x takes the value 2, which is positive.
B. It is a maximum stationary point because the value of the function at x = 3 is 11, which is positive.
C. It is a minimum stationary point because the value of the function at x = 3 is 11, which is positive.
D. It is a minimum stationary point because the second derivative of the function with respect to x takes the value 2 which is positive.
Question 4
In an Olympic Race there are 100 competitors.
Calculate the number of ways of distributing the Gold. Silver and Bronze medals amongst all of the competitors.
A)
B)
C)
D)
A. Option B
B. Option D
C. Option A
D. Option C
Question 5
Identify which of the following statements is correct.
A. is equal to x.
B. can be greater than or less than x.
C. is less than x
D. is greater than x
Solutions:
| Question 1 Answer: A | Question 2 Answer: D | Question 3 Answer: C | Question 4 Answer: C | Question 5 Answer: A |
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