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CORE Finance Project Term 1

The document provides rates for a painter, plumber, and electrician. It then asks a series of word problems calculating costs based on the provided rates and additional information. The problems include calculating costs for work done, converting between currencies, calculating compound interest, population growth, and making purchases.

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0% found this document useful (0 votes)
62 views4 pages

CORE Finance Project Term 1

The document provides rates for a painter, plumber, and electrician. It then asks a series of word problems calculating costs based on the provided rates and additional information. The problems include calculating costs for work done, converting between currencies, calculating compound interest, population growth, and making purchases.

Uploaded by

ashbornsfragment
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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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

These are the rates charged by a painter, a plumber and an electrician who do some work for Mr Sharma.

(a) The painter works for 7 hours.

Calculate the amount Mr Sharma pays the painter.

$ ................................................... [1]

(b) Mr Sharma pays the plumber $252.

Calculate how many hours the plumber works.

................................................... hours [2]

(c) Mr Sharma pays the electrician $224.

Calculate how many hours the electrician works.

................................................... hours [2]

(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.

painter : plumber : electrician = .............................. : .............................. : .............................. [2]

[Total: 7]
2

2 Kirsty changes $380.80 into pounds (£) when £1 = $1.19 .

Calculate the amount Kirsty receives.

£ ................................................... [2]

[Total: 2]

3 Katya takes some coins to the bank.


The table shows the number of each type of coin.

Number of
Type of coin
coins

1 cent 12

5 cent 23

10 cent 17

25 cent 9

50 cent 7

1 dollar 24

Work out the total amount of money Katya takes to the bank.
Give your answer in dollars.

$ ................................................... [2]

[Total: 2]
3

4
$1 = 0.88 euros
£1 = 1.15 euros

Zach changes $575 into euros.


He spends 45% of the euros in France.
He changes the euros he does not use into pounds (£) to spend in England.

Work out how many pounds he receives.

£ ................................................... [4]

[Total: 4]

5 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.

Answer $ ................................................... [4]

[Total: 4]
4

6 The population of Dubai at the end of 2012 was 2.1 million.


This was predicted to increase at a rate of 6% each year.

Calculate the predicted population of Dubai at the end of 2015.

Answer ................................................... million [3]

[Total: 3]

7 Ravi has $20.


A pineapple costs $1.45 .

Work out the largest number of pineapples Ravi can buy and the change he receives.

Number of pineapples ...................................................

Change $ ................................................... [3]

[Total: 3]

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