Managing Money Exam Questions
Managing Money Exam Questions
$ ................................................... [2]
(b) The selling price of $2.97 per metre is an increase of 8% on the cost price.
[Total: 5]
[Total: 2]
3 For her holiday, Alyssa changed 2800 Malaysian Ringgits (MYR) to US dollars ($) when the exchange rate
was 1 MYR = $0.325 .
[Total: 3]
Calculate the difference between these prices, in dollars and cents, correct to the nearest cent.
$ ................................................... [3]
[Total: 3]
Calculate the cost in dollars when the exchange rate is $1 = 70.8 rupees.
$ ................................................... [2]
[Total: 2]
6
Painter Plumber Electrician
$48 per hour
$35 per hour Fixed charge $40
for the first 2 hours
plus then
$26.50 per hour $32 per hour
3
These are the rates charged by a painter, a plumber and an electrician who do some work for Mr Sharma.
$ ................................................... [1]
(d) Write down the ratio of the amount Mr Sharma pays to the painter, the plumber and the electrician.
Give your answer in its lowest terms.
[Total: 7]
4
7 On holiday Maria paid 2.25 euros for the newspaper when the exchange rate was $1 = 0.9416 euros.
At home Maria paid $1.13 for the newspaper.
$ ................................................... [3]
[Total: 3]
(a) They change some euros (€) and receive $1962 (New Zealand dollars).
The exchange rate is €1 = $1.635 .
€ ................................................... [2]
(b) The family spend 15% of their New Zealand dollars on a tour.
$ ................................................... [2]
[Total: 4]
5
$ ................................................... [3]
[Total: 3]
10 Hazel invests $1800 for 7 years at a rate of 1.5% per year compound interest.
Calculate how much interest she will receive after the 7 years.
Give your answer correct to the nearest dollar.
[Total: 4]
11 Georg invests $5000 for 14 years at a rate of 2% per year compound interest.
[Total: 4]
6
12 Sara invests $500 for 15 years at a rate of 2% per year simple interest.
$ ................................................... [2]
[Total: 2]
................................................... g [2]
(b) Find how many more whole days, after day 5, it takes for the mass to reduce to less than 67 g.
................................................... [3]
[Total: 5]
7
where P is the population of the hive x months after the start of June.
By finding the value of a and the value of b, calculate the population of the hive 7 months after the start of
June.
Give your answer correct to the nearest integer.
................................................... [5]
[Total: 5]
8
15 The profit a company makes decreases exponentially at a rate of 0.9% per year.
In 2014, the profit was $9500.
$ ................................................... [2]
[Total: 2]
16 The population of one variety of butterfly is decreasing exponentially at a rate of 34% per year.
At the end of 2014, the population was 125.9 million.
[Total: 2]
17 The value of a campsite has increased exponentially by 1.5% every year since it opened 30 years ago.
Calculate the value of the campsite now as a percentage of its value 30 years ago.
................................................... % [2]
[Total: 2]
9
r = ................................................... [3]
[Total: 3]
x = ................................................... [3]
[Total: 3]
10
................................................... % [2]
[Total: 2]
21
When Heidi was born, her grandfather invested some money in an account that paid compound interest.
The graph shows the exponential growth of this investment.
$ ................................................... [1]
11
(ii) the number of years it took for the original amount to double,
$ ................................................... [1]
Use your answers to part (a)(i) and part (a)(ii) to write down an equation in terms of r.
You do not have to solve your equation.
................................................... [2]
[Total: 5]
................................................... [2]
[Total: 2]
12
................................................... [3]
[Total: 3]
r = ................................................... [3]
[Total: 3]
$ ................................................... [3]
x = ................................................... [3]
[Total: 6]
14
26 Over a period of 3 years, a company’s sales of biscuits increased from 15.6 million packets to 20.8 million
packets.
The sales increased exponentially by the same percentage each year.
................................................... % [3]
[Total: 3]
................................................... [2]
[Total: 2]
28 It is estimated that the world’s population is growing at a rate of 1.14% per year.
On January 1st 2014 the population was 7.23 billion.
.........................................billion [2]
15
(b) Find the year when the population is expected to reach 10 billion.
................................................... [2]
[Total: 4]
................................................... [2]
(b) After how many whole hours, from the start of the experiment, will the number of bacteria be greater
than one million?
.........................................hours [2]
[Total: 4]
[Total: 2]
[Total: 3]