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IFoA_CAA_M0 Dumps With Exact Questions and Answers

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IFoA_CAA_M0 Questions and Answers

Question # 1

Calculate the total area enclosed by the x-axis and the function below, between x = 1.5 and x = 2.

f(x) = 2x3

A.

2.734

B.

5.469

C.

8.000

D.

10.938

Question # 2

An insurance company sells policies where, for each policy, the policyholder pays the first £50 of the cost of any claim. A claim reported to the insurance company takes some unknown value £x.

 

Identify which of the mathematical expressions below represents the cost in £ to the insurance company of the claim.

A.

x - 50

B.

x

C.

max(x, 50)

D.

max(x - 50, 0)

Question # 3

An individual purchases a share in a company at a price of £45. Six months later he sells the share for £39.

 

Calculate the percentage change in the value of the share over the six month period, correct to one decimal place.

A.

-15.4%

B.

-13.3% 

C.

13.3%

D.

86.7%

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