Mathematical literacy - Monyetla Project...Bright Ideas Mathematical literacy Revision booklet 1.4)...

Bright Ideas Mathematical literacy Revision booklet

Mathematical literacyBright ideas Revision booklet

Bright Ideas Mathematical literacy Revision booklet

Finance

Bright Ideas Mathematical literacy Revision booklet

Key topic - Finance

Bright Ideas Mathematical literacy Revision booklet

1.1) 115 353 - 114 628 = 725 kW

Bright Ideas Mathematical literacy Revision booklet

1.2) R 181,01 - R158,78 =R22,23

Bright Ideas Mathematical literacy Revision booklet

1.1) 725 kW

1.3) 725kW x R0,219 = R158,775 round off R158,78

Bright Ideas Mathematical literacy Revision booklet

1.4) 803kW X R0,219 = R175,857 R175,857 x 14% = R24,61998

R 175,857 + R24,61998 = R200,47698 round off R200,48

Bright Ideas Mathematical literacy Revision booklet

1.5.1 Value added tax.

Bright Ideas Mathematical literacy Revision booklet

1.5.3) First 12 kl is free 28 - 12 = 16 16 x R7,96=R127,36 R127,36 x 14% = R17,83VAT inclusive amount = R127,36+17,83= R145,19

1.5.3b) First 12 Kl free+16Kl at R 7,96+ 8Kl at R13,55 = 0+ R127,36+ (8 x R13,55) = 0+ R127,36 + R108,40 =R235,76 R235,76 x 14% = R33,01 VAT inclusive amount = R235,76 + 33,01 = R268,77

Bright Ideas Mathematical literacy Revision booklet

12163222

Amount for water = 0 + (16 x 7,96) + (32 x 13,55) + (22 x 16,80) = 0 + (127,36) + ( 433,60) + (369,60) = R930,56Total VAT inclusive = 930,56 x 14% = R37,22 = R930,56 + R37,22 = R 967,78

Bright Ideas Mathematical literacy Revision booklet

2.1) Break-even point is when income and expenses are the same Income = Expenses; there is no profit

Bright Ideas Mathematical literacy Revision booklet

2.2) 116 x R3,00 = R348Profit = Income - ExpenseProfit = R348 - R255 = R93,00

Bright Ideas Mathematical literacy Revision booklet

Cost per apple = R255 ➗ 116Cost per apple = R2,19827Cost per apple = R2,20

Profit per apple = R3,00 - R2,20 = 80cApples sold per day = R120 ➗0,80 = 150 apples

Bright Ideas Mathematical literacy Revision booklet

Bright Ideas Mathematical literacy Revision booklet

Bright Ideas Mathematical literacy Revision booklet

Avis = R6,50 per kmA = 20km x R6,50A = R130

Budget = R165 + R3,50kmB = R165 + (40 x R3,50)B = R305

Bright Ideas Mathematical literacy Revision booklet

Bright Ideas Mathematical literacy Revision booklet

Avis car hire80km x R6,50= R520

Budget car hireR165 + (R3,50 x 80km)= R445

Budget would be cheaperR520 - R 445= R 75

Bright Ideas Mathematical literacy Revision booklet

3.1) R9 857,30 x 12 = R 118 287,60

Bright Ideas Mathematical literacy Revision booklet

3.2) R 9 857,30 X 7.5% = R 739,2975 = R 739,30

Bright Ideas Mathematical literacy Revision booklet

A worker contributes 1 % of Salary and Employer will contribute 1%

From 3.1 annual salary= R 118 287,60

3.3) R 118 287,60 X 1% = R 1182,876 = R1182,88

Bright Ideas Mathematical literacy Revision booklet

3.4) R 1449 + R 519 + R 519 = R 2 487 ➗ 3 = R 829

Bright Ideas Mathematical literacy Revision booklet

Union = R 28Pension = R 739,30Medical = R 829UIF = R1182,88➗12

3.5) R28 + R739,90 + R829 + R98,57 = R 1695,47

Bright Ideas Mathematical literacy Revision booklet

3.6) R 9 857,30 - R 1 695,47 = R 8 161,83

3.5) R28 + R739,90 + R829 + R98,57 = R 1695,47

Bright Ideas Mathematical literacy Revision booklet

Interest is the amount by which money grows while being invested.

Interest rate is the percentage by which the money grows after being invested for a year.

Bright Ideas Mathematical literacy Revision booklet

5.2) R419 257 x 10% = R41 925,70

Bright Ideas Mathematical literacy Revision booklet

5.3) Total cost = Deposit + (36 x monthly repayment) + 57Total cost = R41 925,70 + (36 x R 5 799) + 57Total cost = R250 746,70To nearest Rand = R 250 747

Bright Ideas Mathematical literacy Revision booklet

5.4.1) R419 257 x 25% = R104 814,25

5.4.2) Monthly repayment = Total cost - deposit 36 Monthly repayment = R250 747 - R104 814,25 36 Monthly repayment = R 4 053,69

Bright Ideas Mathematical literacy Revision booklet

7.1.1) R6381 x 240 = R 1 531 440

20 years x 12 months a year = 240 months

Bright Ideas Mathematical literacy Revision booklet

7.1.2) R1 531 440 - R949 796,33 = R 581 643,67

Bright Ideas Mathematical literacy Revision booklet

7.2) 6,750% - 6,250% = 0,5%Repo rate increased by 0,5 %