Foundations 30 Unit 1 Exam (ECUR 325 Assignment #1) Tyler Read Page 1

Math Foundations 30 Unit Exam

Name: __________ Date: ________Class:

_________

Time: 1 hour
-You have one hour to complete the exam
-You are allowed a calculator but all phones,
computers and other devices must be put
away during
-This is a closed book exam.
-Make sure you answer all the questions in full
and show you work
-If you have any questions please stay in your
seat and raise you hand.
-There are 15 questions in the exam and 9
pages, make sure all are included before
starting the exam
-Good luck!
Foundations 30 Unit 1 Exam (ECUR 325 Assignment #1) Tyler Read Page 2

Formula Sheet
Simple Interest
I = Prt A= P = Prt OR A= P+I

Compound Interest
r
A = P (1 +i)n Or A=P(1+ n )nt

r nt
( )
1+
n
1
t 1 (1r n)

A= Sn = 1r
R

Payment
nt
r r
n( )
1+
n

Pi (1+i )n
1( 1+i )n

M=P[ r nt Or M= ( 1+i )n1 OR P= M
( )
1+
n
1

Permutations and Combinations

n! n!
n Pr= ( nr ) ! n Cr = ( nr ) ! r !
Foundations 30 Unit 1 Exam (ECUR 325 Assignment #1) Tyler Read Page 3

1. Harry has invested $3000 in an account that earns 5%

interest compounded annually. Approximately how many
years will it take for his money to double? Show your
work (2)

2. Albert invests $300 at the end of each month in an

account that has an annual interest rate of 2.4%
compounded monthly. At the end of 10 years, how much
money will he have in this account? Show your work (2)

3. A $5000 investment grew to $8045 after 6 years when

the annual interest rate was compounded quarterly. What
was the annual interest rate? (2)

4. Dakota is saving $400 per month for a car that he

would like to buy in 2 years. If he put that 400$ into an
Foundations 30 Unit 1 Exam (ECUR 325 Assignment #1) Tyler Read Page 4

account that earned 5% interest compounded bi-monthly,

would he have enough money to buy a car that costs
3600$ in two years? If not how long would Dakota have to
save in order pay for the car (3)

5. Four brothers are comparing the growth of their

individual investment portfolios over the past 5 years.
The information about their portfolios is below:
Total Interest Total Money
Earned Invested
Tom $1525.73 $3500.00
Harry $250.00 $1000.00
Mark $10,382.57 $41,000.00
Dillion $17,342.58 $45,000,00
What are everyones Rate of Return for their Portfolio?
Who has the highest rate of return? Who has the lowest
(6)
Foundations 30 Unit 1 Exam (ECUR 325 Assignment #1) Tyler Read Page 5

6. Shelly wants to buy her own golf cart. She needs to

finance the entire amount and can get a 1-year loan with
an annual interest rate of 13% compounded monthly. If
the maximum monthly payment she can afford is $300,
what is the most expensive golf cart that she can
purchase with the terms of this loan. (3)

7. For a camping trip, you have 2 options available:

Option A buy a used camper for $4875.00, financed
with a loan requiring monthly payments of $214.31 over
2 years and then pay a campground site fee of $21/night
Option B rent a cabin at the lake for $180/night After
how many nights of renting the cabin does it become
cheaper to have purchased the camper? (4)
Foundations 30 Unit 1 Exam (ECUR 325 Assignment #1) Tyler Read Page 6

8. Jenn is purchasing a $400000 home and is considering

the 2 financing options below: Option A monthly
payments on a 20-year mortgage with an annual interest
rate of 4.75% compounded monthly Option B a 10%
down payment followed by monthly payments on a 25-
year mortgage with an annual interest rate of 2.99%
compounded monthly How much cheaper is Option B
than Option A? (4)

9. A volleyball team is deciding on its team name and

colours. Their choices for names include Lightning (L) or
Thunder (T). The uniforms and numbers could be black
(b), red (r), or gold (g), however, the colour of the uniform
must be different from the colour of the number. Create a
tree diagram that accurately represents the possible
choices for name, uniform colour, and number (3)
Foundations 30 Unit 1 Exam (ECUR 325 Assignment #1) Tyler Read Page 7

n P5
10. What is the value of n in the equation 2 = 8(nC5)
(1)

11. An on-line computer company estimates 10000 new

customers will begin using their service every month. The
company provides each customer with an automatically
generated unique 6-digit password using the digits from 0
to 9. If the password digits can be repeated, after how
many years will the company need to reset its password
requirements? (2)

12. Karens sock drawer contains 8 individual white socks

and 10 individual black socks. She randomly chooses 2
socks from this drawer. What are the ODDS that both are
black socks? (2)
Foundations 30 Unit 1 Exam (ECUR 325 Assignment #1) Tyler Read Page 8

13. You invest money in a mutual fund that pays an

annual interest rate of 5% interest compounded semi-
annually. How much money would you need to invest now
in order to have $6000 after 12 years? (Round to the
nearest dollar. (2)

14. The odds of choosing a green marble from a bag of

marbles are 3:10 What is the probability of NOT choosing
a green marble? (Round to the nearest percent. (2)
Foundations 30 Unit 1 Exam (ECUR 325 Assignment #1) Tyler Read Page 9

15. A business woman has 7 different blouses, 3 different

skirts, and 4 different jackets. How many outfits can she
create if the outfit can consist of just a blouse and skirt
OR it can consist of a blouse, skirt, and jacket? (2)

Question Mark Question Mark

1 /2 9 /3
2 /2 10 /1
3 /2 11 /2
4 /3 12 /2
5 /6 13 /2
6 /3 14 /2
7 /4 15 /2
Foundations 30 Unit 1 Exam (ECUR 325 Assignment #1) Tyler Read Page 10

8 /4 Total /40

ECUR 325 Assignment #1 Reflections

For the Assignment part of my Foundation 30 unit I decided

to have a final unit test. In mathematics application of taught

content is very important and a test that is short answer base

allows the students to show the knowledge they have of the given

material and not be marked for getting a singular answer wrong,

like they would on a multiple-choice test. Another importance of a

unit test is that is it preparing them for post-Secondary education,

as this is how university classes are evaluated. The reason I

decided to stray away from a unit project as the final assessment

OF piece of the unit is it does not always give an accurate

representation of some students skills, just like the unit test.

Something that I want to make clear that before the unit test I

would include a unit project that hits some of the outcomes. This

project could be preformed in groups and allow students that

accel more at project based assignments to get a good mark that

proves they have met the outcomes. They would then write the
Foundations 30 Unit 1 Exam (ECUR 325 Assignment #1) Tyler Read Page 11

unit test and the combination of the two marks would add to

there final mark.

To address the specific sections of the rubric that was

provided for Assignment #1 I will begin with the Lesson Planning

& Assessment Outcomes. In this unit, I am focusing on Outcomes

FM30.1 and Fm30.6. The questions that have been provided

directly related to the indicators that have been given for each of

these outcomes. On the test 9 out of the 15 questions connect to

FM30.1 with the other 6 questions connecting to FM30.6. Since

FM30.1 is a larger concept it made sense in my mind to connect

more questions to that outcome. To look at #6 on the rubric the

test I have created has no trick questions. All the questions are

straight forward and if they have achieved the FM30.1 and

FM30.6 they will be able to achieve a high mark on the test.

To consider depth and breadth of planning and skills we will

start with #14. On a test the best way to show differentiation is to

allow for work to be shown, so that students that know the

concepts easily would easily achieve the marks, but also give

students that are struggling a chance to show some work and

Foundations 30 Unit 1 Exam (ECUR 325 Assignment #1) Tyler Read Page 12

show some understanding of the concept. Another way to allow

differentiation is to make sure the unit test is not highly weighed. I

would way it as 30% of there unit grade to allow 70% to be

different assessment that would happen as an Assessment AS

learning to hit the differentiation for all the students in my class.

For #15 and #16 on the rubric this would be a combination of the

final Assessment OF learning I have created, the unit test, and the

unit project I have mentioned within this project. The Unit project

would allow the students to apply their knowledge to real life and

show how the questions on the test I have created relate to there

every day life. This would allow for a create spin on the math

being learn and a greater understanding of literacy skills in math.

Finally looking at Unit Planning it is very clear that the test is

directly related to the unit as its questions are connected to the

Saskatchewan curriculum of which the unit is based off. This is

how I believe that my Assessment OF learning connects to the

Rubric items that have been provided for this Assignment

To complete this Assessment, the students would need the

abilities to calculate simple and compound interest. Know how to

Foundations 30 Unit 1 Exam (ECUR 325 Assignment #1) Tyler Read Page 13

deal with renting, leasing and buying as well as know how to

understand and deal with investment portfolios using the

formulas provide on page 2 of the test. They would also need to

be proficient in Permutation and Computations. Along with this

knowledge Assessment AS learning pieces like Quizs, Mid-term

and Unit projects will aid in understanding the content need for

the unit test. In math, a unit test can not stand alone even though

it is the Assessment OF piece. It needs the Assessment AS

learning for the students to succeed. This is my thought with

math and is why I have created this Assessment for this

Assignment.