You are on page 1of 49

11

YE AR Mathematics
Standard
Revision &
Exam Workbook Excel

Free-to-download sample pages with answers

Get the Results You Want!

Allyn Jones & AS Kalra


Chapter 1
matics 1: Earning
Financial and managing
mathematics money
1: Earning and managing money
Wages Salaries

Question
sic week 1 and
of 40 hours John’s
her hourly
annual rate
salary
of is
pay$43
is 550.
$12.50.
HowCalculate
much is her
he paid
weekly
each week?

hours per week and his weekly wage is $756. Find his hourly rate of pay.
Question 2 Amie receives a salary of $72 852 p.a. What is her gross fortnightly pay?

38-hour week for an hourly rate of $15.95. Find his total weekly wage.
Question 3 Jenny earns $659 per week. What is her annual salary?

hop and is paid $12.40 per hour. Calculate Susan’s wage in a week when she

Question 4 Mladdin is on a salary of $67 440 p.a. paid monthly.


a How much does he receive each month?
rs a day and a 9-day fortnight. If his pay rate is $23.15 per hour, what is his

b Mladdin works 200 hours each month. How much does he receive per hour?

5.90 per fortnight. If she works 35 hours per week, what is her hourly rate of

Question 5 Last year the chief executive of a bank received a total remuneration package of $7 774 624.
a How much is this per week?
1
3.50 for working 7 hours. What will he be paid for working 5 hours at the
2
© Pascal Press ISBN 978 1 74125 685 7

b A newspaper headline read: ‘Bank boss paid $21 300 a day.’ Is this correct? Justify your answer.

s on Monday, 8 hours on Tuesday, 7 hours on Wednesday, 9 hours on Thursday


is paid6$18.20
day. If Qheuestion Daniel receives
per hour, $3240
what is hisper month.
weekly Find his:
pay?
a annual salary b weekly pay

Excel ESSENTIAL
Chapter 1—FinancialSKILLS Year 11 1:
mathematics Mathematics Standard
Earning and Revision
managing money& Exam Workbook 1
Financial mathematics 1: Earning and managing money
Wages

Question 1 Angela works a basic week of 40 hours and her hourly rate of pay is $12.50. Calculate her weekly
wage.

Question 2 Michael works 35 hours per week and his weekly wage is $756. Find his hourly rate of pay.

Question 3 A painter works a 38-hour week for an hourly rate of $15.95. Find his total weekly wage.

Question 4 Susan works in a shop and is paid $12.40 per hour. Calculate Susan’s wage in a week when she
works 40 hours.

Question 5 Cleve works 8 hours a day and a 9-day fortnight. If his pay rate is $23.15 per hour, what is his
fortnightly pay?

Question 6 Petra is paid $1845.90 per fortnight. If she works 35 hours per week, what is her hourly rate of
pay?

1
Question 7 Yousef is paid $163.50 for working 7 hours. What will he be paid for working 5 hours at the
same rate of pay? 2
© Pascal Press ISBN 978 1 74125 685 7

Question 8 Reno works 6 hours on Monday, 8 hours on Tuesday, 7 hours on Wednesday, 9 hours on Thursday
and 6 hours on Friday. If he is paid $18.20 per hour, what is his weekly pay?

2 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning
Financial and managing
mathematics money
1: Earning and managing money
Wages Overtime

Question
sic week 1 and
of 40 hours A man
her hourly
is paidrate
a basic
of pay
rateisof$12.50.
$24.70Calculate
per hour.her
Calculate
weekly his hourly overtime rate of pay when
this is paid at:
a time-and-a-half b double-time

hours per week and his weekly wage is $756. Find his hourly rate of pay.
Question 2 Kelli’s normal pay rate is $16.80 per hour. What will she earn for working:
a 5 hours at time-and-a-half? b 3 hours at double-time-and-a-half?

38-hour week for an hourly rate of $15.95. Find his total weekly wage.

Question 3
a John receives a gross pay of $850 for a 40-hour week. Calculate John’s hourly rate of pay.
hop and is paid $12.40 per hour. Calculate Susan’s wage in a week when she

b In one busy week, in addition to his normal 40 hours, John works the following overtime: 6 hours on
Saturday at time-and-a-half and 5 hours on Sunday at double-time. Find John’s gross pay for that week.
rs a day and a 9-day fortnight. If his pay rate is $23.15 per hour, what is his

Question 4 Peter is paid an hourly rate of $15.60. His normal working day is 8 hours. He gets paid time-
and-a-half for hours worked over 8 hours but less than or equal to 11 hours and double-time for
hours worked over 11 per day.
a How much does he earn for a normal 5-day working week?
5.90 per fortnight. If she works 35 hours per week, what is her hourly rate of

b What does he earn in a week where he works two 8-hour days, one 10-hour day, one 11-hour day and one
12-hour day?
1
3.50 for working 7 hours. What will he be paid for working 5 hours at the
2

Question 5 Ronnie is an electrician and gets paid $1200 for a 40-hour week. In one week she works
© Pascal Press ISBN 978 1 74125 685 7

12 hours overtime, of which 8 hours is at time-and-a-half and 4 hours is at double-time. What


are her earnings that week?

s on Monday, 8 hours on Tuesday, 7 hours on Wednesday, 9 hours on Thursday


day. If he is paid $18.20 per hour, what is his weekly pay?

Excel ESSENTIAL
Chapter 1—FinancialSKILLS Year 11 1:
mathematics Mathematics Standard
Earning and Revision
managing money& Exam Workbook 3
Financial mathematics 1: Earning and managing money
Penalty rates and special allowances

Question 1 Thomas works on a construction site and is paid a special allowance of $6.20 per hour. Find his
total weekly wage, given that his basic wage is $28.70 per hour for a 40-hour week.

Question 2 Joe and Troy are labourers and work for 40 hours each week. Their award rate of pay is $28.40
per hour.
a How much does Troy receive for a normal 40-hour week?

b Troy is paid a special allowance of $3.80 per hour for working in wet conditions. How much will Troy
receive in a week where 7 hours are under wet conditions?

c The award allows an extra $12.60 per hour for working with toxic substances. If Joe spends the whole
40-hour week working with toxic substances, find his weekly wage.

Question 3 Adrian gets $875.80 per week. As a result of an indexation decision, his award rate of pay is
increased by 4.5%. Find his new weekly wage.

Question 4 Michelle gets paid $12.50 per hour. She is paid 40% extra per hour on the weekends. Find her
hourly rate of pay on the weekends.

Question 5 Mark’s normal wage is $880.80 for a 40-hour week. He worked overtime and earned
$1233.12 in one week.
a Find his normal hourly rate.
© Pascal Press ISBN 978 1 74125 685 7

b How much extra did he get for overtime?

c How many hours of overtime did he work if he was paid double-time for the overtime worked?

4 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning
Financial and managing
mathematics money
1: Earning and managing money
Wages Annual leave loading

Question
sic week 1 and
of 40 hours Zac’s
herweekly
hourlywage
rate of
is $1627.20.
pay is $12.50. Calculate her weekly
a What does he earn for 4 weeks?

hours per 1
b week and his an
Zac receives weekly wage
annual is $756.
leave Find
loading of his
17 hourly
% on rate of pay.
4 weeks holiday pay. Find the amount of the annual
leave loading. 2

38-hour week for an hourly rate of $15.95. Find his total weekly wage.
c What is Zac’s total holiday pay?

hop and is paid $12.40 per hour. Calculate Susan’s wage in a week when she 1
Question 2 Michelle gets an annual salary of $48 630.40. If she receives 17 % holiday loading on the
4-week holiday period, calculate: 2

a her normal pay for 4 weeks

rs a day and a 9-day fortnight. If his pay rate is $23.15 per hour, what is his

b her holiday loading

c her holiday pay for 4 weeks


5.90 per fortnight. If she works 35 hours per week, what is her hourly rate of

Question 3 William earns $19.40 per hour and works a 35-hour week.
a What will William receive for 4 weeks?
1
3.50 for working 7 hours. What will he be paid for working 5 hours at the
2
1
b Find William’s total holiday pay if he receives a holiday loading of 17 % on 4 weeks pay.
© Pascal Press ISBN 978 1 74125 685 7

Question
s on Monday, 4
8 hours Maddy
on works7 for
Tuesday, the on
hours Department
Wednesday,of 9Social
hoursSecurity on an annual salary of $68 328. If she
on Thursday
1
day. If he is paid $18.20 per hour,
receives 17 % what is hisloading
holiday weekly on
pay?
the 4 weeks holiday pay period, calculate her total holiday
2
pay for the 4 weeks.

Excel ESSENTIAL
Chapter 1—FinancialSKILLS Year 11 1:
mathematics Mathematics Standard
Earning and Revision
managing money& Exam Workbook 5
Financial mathematics 1: Earning and managing money
Commission

Question 1 Yasmin receives a commission of 5% on sales. How much commission will she receive in a week
in which her sales total $11 000?

Question 2 David is a car sales representative and is paid a retainer (basic wage) of $350 per week and a
commission of 3% on sales made. Find his weekly income in a week in which he sells a car to
the value of:
a $45 000 b $70 000

Question 3 Meena is a salesperson and earns $250 a week plus 3.5% commission on sales. Her weekly sales
total $60 000. Find:
a her commission b her total earnings for the week

1
Question 4 Joshua is a real estate agent and receives 2% commission on the first $200 000, 1 % on the
1 2
next $100 000, 1 % on the next $100 000 and 1% on the value thereafter. Find his commission
4
for selling a property worth $650 000.

Question 5 Ian works as a sales representative for a medical firm and receives a basic salary of
1
© Pascal Press ISBN 978 1 74125 685 7

$300 per week plus 7 % commission on that part of sales which exceed $3000 per week. Find
2
his earnings for a week in which he sells medical supplies worth $8500.

6 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning
Financial and managing
mathematics money
1: Earning and managing money
Wages Piecework and royalties

Question
sic week 1 and
of 40 hours An her
apricot
hourly
picker
rate isofpaid
pay $1.75
is $12.50.
for every
Calculate
full bucket
her weekly
she picks. How much will she earn in a day
when she picks 78 buckets of apricots.

hours per week and his weekly wage is $756. Find his hourly rate of pay.
Question 2 Janny works in a clothing factory and is paid $8.50 for each garment completed. What is her
weekly wage if she completes 154 garments in one week?

38-hour week for an hourly rate of $15.95. Find his total weekly wage.

Question 3 Matthew is paid a royalty of 14% on the sales of his book. Sales for the first 6 months total
hop and is paid $12.40$156
per 348.
hour.How
Calculate
much Susan’s wage in
is his royalty a week when she
payment?

rs a day and a 9-day fortnight. If his pay rate is $23.15 per hour, what is his
Question 4 Tim works in a factory on a basic wage of $300 a week. In addition to this he is paid a bonus of
10 cents per article, for every article in excess of the weekly quota of 4000. How much will he
earn in a week in which 6500 articles are made?

5.90 per fortnight. If she works 35 hours per week, what is her hourly rate of
Question 5 Brent works as a packer on a banana plantation and is paid $2.00 per box with a bonus of
75 cents for each box packed in excess of 100 boxes per day. Find his income for a day in which
he packs 165 boxes.

1
3.50 for working 7 hours. What will he be paid for working 5 hours at the
2

Question 6
© Pascal Press ISBN 978 1 74125 685 7

Celeste receives royalties on the sales of her book. She receives 10% of the recommended retail
price of the first 5000 copies sold and 12% on any further copies. In the first year sales total
12 514 copies and the retail price was $21.95. How much does Celeste receive?

s on Monday, 8 hours on Tuesday, 7 hours on Wednesday, 9 hours on Thursday


day. If he is paid $18.20 per hour, what is his weekly pay?

Excel ESSENTIAL
Chapter 1—FinancialSKILLS Year 11 1:
mathematics Mathematics Standard
Earning and Revision
managing money& Exam Workbook 7
Financial mathematics 1: Earning and managing money
Pensions and government allowances

Question 1 Natasha earns $68 650 per annum. Her superannuation fund contributions amount to 9.5% of her
annual salary. How much are the contributions each fortnight?

Question 2 When Emma retires at the age of 60, her pension will be 70% of the salary received during her
last working year. Find her weekly superannuation payment if, during her last year of work, her
salary was $51 800.60.

Question 3 The table lists the maximum fortnightly payments for youth allowance for single people.
Your circumstances Maximum payment
Single, no children, younger than 18 years, and live at parent’s home $244.10
Single, no children, younger than 18 years, and need to live away from parent’s home $445.80
Single, no children, 18 years or older, and live at parent’s home $293.60
Single, no children, 18 years or older, and need to live away from parent’s home $445.80
Single with children $584.20

a Hope is a student who is 19 years old, unmarried, has no children and lives at home. What is the
maximum youth allowance she can receive in one year?

b Daniel is also a student who is 24 years old and shares an apartment with a mate. He has a part-time job
and earns $310 per week. His fortnightly youth allowance is reduced by $43.50 plus 60 cents for every
dollar he earns over $524 per fortnight. What is the total amount of youth allowance Daniel receives each
fortnight?

Question 4 A single person over ‘pension age’ is entitled to an age pension of $826.20 per fortnight. If the
person owns their own home, he or she is allowed other assets worth up to $253 750 before
their pension is reduced. The person is also allowed an income of up to $172 per fortnight. For
every dollar above $172, the pension reduces by 50 cents.
© Pascal Press ISBN 978 1 74125 685 7

a Maria is of pension age, lives alone, and has assets of $56 500 apart from her home. She earns
$126 per fortnight from a part-time job. What is Maria’s pension?

b George is of pension age, lives alone, and has assets of $213 980 apart from his home. He earns $238 per
fortnight from a part-time job. What is George’s pension?

8 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning
Financial and managing
mathematics money
1: Earning and managing money
Wages Deductions and taxable income

Question
sic week 1 and
of 40 hours Sarah
her has
hourly
a gross
rate income
of pay isof$12.50.
$48 950.Calculate
Her allowable
her weekly
deductions total $3275. What is her taxable
income?

Question
hours per 2 hisClaudia’s
week and weekly wage
taxable
is $756.
income
Find
is $41
his hourly
264. Her
rate
total
of pay.
deductions are $2157. What is Claudia’s gross
income?

38-hour week for an hourly rate of $15.95. Find his total weekly wage.
Question 3 Sanjeev had a gross income of $51 208. He has calculated that his taxable income is $49 176.
What is the total of Sanjeev’s allowable deductions?

hop and is paid $12.40 per hour. Calculate Susan’s wage in a week when she
Question 4 Dominic has a gross income of $37 600. The allowable deductions he can claim on his tax return
are union fees of $560, superannuation contributions of $1880, vehicle expenses of $475 and
equipment of $976.
a What is the total of all allowable deductions?
rs a day and a 9-day fortnight. If his pay rate is $23.15 per hour, what is his

b What is Dominic’s taxable income?

5.90 per fortnight. If she works 35 hours per week, what is her hourly rate of
Question 5 When completing her tax return, Annabel claims deductions for superannuation contributions
of $2500, union fees of $780 and other expenses of $1728 incurred in earning her income. If
Annabel’s gross income was $62 184, find her taxable income.

1
3.50 for working 7 hours. What will he be paid for working 5 hours at the
2
© Pascal Press ISBN 978 1 74125 685 7

Question 6 Tiffany’s taxable income was $67 835. She claimed deductions of $3000 for superannuation
contributions, $575 for membership of a professional association, $1320 for vehicle expenses
and $2142 for other expenses. What was Tiffany’s gross income?
s on Monday, 8 hours on Tuesday, 7 hours on Wednesday, 9 hours on Thursday
day. If he is paid $18.20 per hour, what is his weekly pay?

Excel ESSENTIAL
Chapter 1—FinancialSKILLS Year 11 1:
mathematics Mathematics Standard
Earning and Revision
managing money& Exam Workbook 9
Financial mathematics 1: Earning and managing money
Income tax

The following tax table should be used to answer the following questions.
Taxable income Tax on this income
0 to $18 200 Nil
$18 201 to $37 000 19 cents for each $1 over $18 200
$37 001 to $90 000 $3572 plus 32.5 cents for each $1 over $37 000
$90 001 to $180 000 $20 797 plus 37 cents for each $1 over $90 000
$180 001 and over $54 097 plus 45 cents for each $1 over $180 000

Question 1 Find the amount of tax payable on a taxable income of:


a $24 370 b $5760

c $57 485 d $98 331

Question 2 Vivienne’s taxable income is $182 000.


a What tax is payable on her income?

b What percentage of taxable income was paid in tax?

Question 3 Mary has a taxable income of $43 829.


a Find the tax payable.
© Pascal Press ISBN 978 1 74125 685 7

b Gary’s taxable income is $6768 more than Mary’s. Find how much more tax Gary pays than Mary.

10 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning
Financial and managing
mathematics money
1: Earning and managing money
Wages Medicare levy

In of
sic week Australia theand
40 hours Medicare levy rate
her hourly for single
of paypeople without
is $12.50. exemptions
Calculate is calculated using this table:
her weekly
Taxable income Medicare levy on this income
0 to $21 980 Nil
$21 980 to $27 475 10% for each $1 over $21 980
$27 476 and over 2% of entire amount
hours per week and his weekly wage is $756. Find his hourly rate of pay.
Question 1 Find the amount of the Medicare levy for each taxable income.
a $62 560 b $18 390

38-hour week for an hourly rate of $15.95. Find his total weekly wage.
c $23 800 d $93 500

e $24 890 f $103 670


hop and is paid $12.40 per hour. Calculate Susan’s wage in a week when she

Question 2 Phoebe has a taxable income of $68 490. Calculate her:


a income tax payable

rs a day and a 9-day fortnight. If his pay rate is $23.15 per hour, what is his

b Medicare levy, if she is single without exemptions.

Question 3 Craig has a taxable income of $96 530. Find his:


5.90 per fortnight. If she works 35 hours per week, what is her hourly rate of
a income tax payable

b Medicare levy, if he is single without exemptions


1
3.50 for working 7 hours. What will he be paid for working 5 hours at the
2

Question 4
© Pascal Press ISBN 978 1 74125 685 7

Amy is single without any Medicare exemptions and has a taxable income of $62 500. Calculate:
a her income tax payable b her Medicare levy

s on Monday, 8 hours on Tuesday, 7 hours on Wednesday, 9 hours on Thursday


day. If che her
is paid
total$18.20 per hour, what is his weekly pay?
tax payable

Excel ESSENTIAL
Chapter 1—FinancialSKILLS Year 11 1:
mathematics Mathematics Standard
Earning and Revision
managing money& Exam Workbook 11
Financial mathematics 1: Earning and managing money
Tax payable and tax refunds 1

Question 1 Jill’s gross income is $58 560 and her total deductions are $4650. The tax payable on taxable
income is set out in the table below.
Taxable income Tax on this income
0 to $18 200 Nil
$18 201 to $37 000 19 cents for each $1 over $18 200
$37 001 to $90 000 $3572 plus 32.5 cents for each $1 over $37 000
$90 001 to $180 000 $20 797 plus 37 cents for each $1 over $90 000
$180 001 and over $54 097 plus 45 cents for each $1 over $180 000

a Find Jill’s taxable income.

b Calculate the amount of tax due.

c Find the amount of the Medicare levy, using the table on the previous page, if Jill is single without any
Medicare exemptions.

d If she pays $410 per fortnight in tax, how much refund should she receive for the year?

Question 2 This year Lucy had two part-time jobs. She worked as a gym instructor and earned a gross
income of $1620 per fortnight. During the year she was a personal trainer and earned $11 500.
Her tax deductions for the two jobs totalled $1650.
a Find Lucy’s taxable income.

b Calculate the amount of tax due, including the Medicare levy, if Lucy is single without any Medicare
© Pascal Press ISBN 978 1 74125 685 7

exemptions.

c During the year Lucy paid $10 085 tax. After Lucy completes her tax return will she receive a refund or
will she still need to pay more tax? Justify your answer.

12 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning
Financial and managing
mathematics money
1: Earning and managing money
Wages Tax payable and tax refunds 2

Useofthe
sic week 40 tax table
hours andon
herpage 12 to
hourly rateanswer
of paythe followingCalculate
is $12.50. questions.
her weekly
Question 1 James has a gross income of $54 560 for the year and his allowable deductions total $1540.
a Find the amount of tax payable by James, including the 2% Medicare levy.

hours per week and his weekly wage is $756. Find his hourly rate of pay.

b What percentage of taxable income will James pay in tax? Give your answer to the nearest per cent.

38-hour week for an hourly rate of $15.95. Find his total weekly wage.

c Throughout the year James paid tax instalments of $195 per week. Calculate the refund James receives for
hop and is paid $12.40 per hour. Calculate Susan’s wage in a week when she
the financial year.

rs a day and a 9-day fortnight. If his pay rate is $23.15 per hour, what is his
Question 2 Rose received a total income of $53 810 from her job last financial year and she paid a total of
$11 400 in tax instalments. In addition to her job Rose earned income of $12 870 from other
sources. Her total allowable deductions from income amounted to $6390. Including the 2%
Medicare levy, how much more tax will Rose need to pay?

5.90 per fortnight. If she works 35 hours per week, what is her hourly rate of

1 Last financial year, Trevor’s taxable income was $95 826. He paid a total of $30 280 in tax
3.50 for working 37 hours.
Question What will he be paid for working 5 hours at the
2 instalments during the year to cover his income tax and 2% Medicare levy. Determine whether
Trevor will receive a tax refund or have to pay more tax. Find the size of the refund or the
© Pascal Press ISBN 978 1 74125 685 7

amount of extra tax Trevor will need to pay.

s on Monday, 8 hours on Tuesday, 7 hours on Wednesday, 9 hours on Thursday


day. If he is paid $18.20 per hour, what is his weekly pay?

Excel ESSENTIAL
Chapter 1—FinancialSKILLS Year 11 1:
mathematics Mathematics Standard
Earning and Revision
managing money& Exam Workbook 13
Financial mathematics 1: Earning and managing money
TOPIC TEST SECTION I
Instructions • This section consists of 5 multiple-choice questions.
• Each question is worth 1 mark.
• Fill in only ONE CIRCLE for each question.

Time allowed: 7 minutes Total marks: 5

1 Kate’s hourly rate is $21.50 for the first 36 hours and time-and-a-half for every extra hour. How much is
she paid for 41 hours work?
A $775.50 B $881.50 C $892.25 D $935.25

2 Daniel sells insurance policies. His monthly commission is based on a sliding scale of 5% on the first
$3000 of his sales, 2.5% on the next $2000, and 2% thereafter. What is Daniel’s commission when his
total sales are $7450?
A $249.00 B $289.60

C $445.00 D $482.45

3 Adam’s employment agreement states that he is paid $26.52 per hour. He receives an additional
$12.68 per hour for working in hot conditions over 30 °C. What total amount will Adam earn for
working 35 hours including 14 hours when he worked in hot conditions?
A $470.32 B $734.44

C $1065.24 D $1105.72

4 Jannah qualifies for both rent assistance and youth allowance and receives a fortnightly payment from
the government. Jannah’s rent assistance is $134.80 per fortnight. The maximum youth allowance is
$445.80 per fortnight. It is reduced by 50 cents in the dollar for any income over $437 per fortnight.
Jannah earns $520 per fortnight from a part-time job. What is the total payment she receives each
fortnight from the government?
A $497.60 B $539.10

C $580.60 D $622.10

5 Mitchell has a taxable income of $94 374. The amount of income tax he has to pay is calculated using the
table below.
© Pascal Press ISBN 978 1 74125 685 7

Taxable income Tax on this income


0 to $18 200 Nil
$18 201 to $37 000 19 cents for each $1 over $18 200
$37 001 to $90 000 $3572 plus 32.5 cents for each $1 over $37 000
$90 001 to $180 000 $20 797 plus 37 cents for each $1 over $90 000
$180 001 and over $54 097 plus 45 cents for each $1 over $180 000

Which of these is the amount of tax Mitchell will have to pay?


A $22 168.68 B $22 180.80 C $22 415.38 D $25 171.00

14 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning and managing money
TOPIC TEST SECTION II
Wages
Instructions • This section consists of 8 questions.
• Show all working.
sic week of 40 hours and her hourly rate of pay is $12.50. Calculate her weekly
Time allowed: 53 minutes Total marks: 35

6 Lara is paid $26.55 per hour and each week works 38 hours at normal time and 8 hours overtime at
time-and-a-half.
hours per week
a and his weekly
Calculate Lara’swage
grossis pay.
$756. Find his hourly rate of pay. 2 marks

b Lara has her private health cover deducted from her gross pay. The yearly contribution is $2457.
38-hour week forCalculate
an hourlythe
rate of $15.95.
amount Find his
deducted totalfrom
weekly weekly
her wage.
pay. 1 mark

hop and is paid $12.40


c Lara per9.5%
pays hour.ofCalculate
her grossSusan’s wage
pay into in a week whenCalculate
superannuation. she the amount of her weekly super
contribution. 1 mark

rs a day 7
and aMichael is a real estate
9-day fortnight. If his agent andisis$23.15
pay rate paid an
perannual
hour, salary
what isofhis
$62 400 plus a commission of 0.125% on all
his sales. He is also paid a car allowance of $120 per week. If he sells property worth $1 460 000 in
one week, what will be:
a his commission? 2 marks

5.90 per fortnight. If she works 35 hours per week, what is her hourly rate of

b his income during that week? 2 marks

1
3.50 for working 7 hours.
If Michael sellsWhat will heworth
property be paid for million
$23.6 workingthroughout
5 hours at the
the year, find:
2
c his commission for the whole year 2 marks
© Pascal Press ISBN 978 1 74125 685 7

s on Monday,d8 hours on Tuesday,


his total 7 hoursthat
income during on Wednesday, 9 hours
year, including on Thursday
the car allowance 2 marks
day. If he is paid $18.20 per hour, what is his weekly pay?

Excel ESSENTIAL
Chapter 1—FinancialSKILLS Year 11 1:
mathematics Mathematics Standard
Earning and Revision
managing money& Exam Workbook 15
8 Laura has a fortnightly salary of $3554. She has annual tax deductions of $1240 for work-related travel,
$430 for stationery and $1520 for charitable donations.
a What is Laura’s annual gross salary? 1 mark

b Calculate Laura’s taxable income. 1 mark

c Use the tax table on page 14 to find the income tax payable. 1 mark

d What is the Medicare levy she pays if it is calculated at 2% of her taxable income? 1 mark

e Laura has already paid $822 in tax each fortnight. Will Laura receive a tax refund or will
she owe money to the Australian Tax Office? Justify your answer with calculations. 1 mark

9 Matilda pays a Medicare levy of $2080 which is 2% of her taxable income. Use the tax table
on page 14 to find the amount of income tax Matilda will pay. 2 marks

10 Last year Emma’s gross salary was $83 450 and she had taxable deductions of $2320. This year her
salary increased by 4% and her taxable deductions decreased by 5%.
a What was Emma’s taxable income this year? 2 marks

b Use the tax table on page 14 to find the percentage of her new taxable income Emma will pay in
income tax, correct to one decimal place. 2 marks
© Pascal Press ISBN 978 1 74125 685 7

11 Theon earns a yearly salary of $70 720. His annual leave loading is 17.5% of four weeks pay.
Calculate his total pay for his four weeks of annual leave. 3 marks

16 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics
12 1:
EachEarning and
week Poppy works managing
a part-time job and is paidmoney
at the rates summarised in the table.

Wages Hourly rate Start Finish Unpaid break


Saturday Time-and-a-quarter 1300 1730 30 minutes
sic week of 40 hours and her hourly rateTime-and-a-half
Sunday of pay is $12.50. Calculate
1000her weekly 1600 1 hour
Monday Normal ($23.40 per hour) 0900 1730 1 hour

a Calculate Poppy’s gross pay for the three days work. 3 marks

hours per week and his weekly wage is $756. Find his hourly rate of pay.

b If Poppy works for 48 weeks in a year and has taxable deductions of $1480 what amount of tax will
she need to pay? 2 marks
38-hour week for an hourly rate of $15.95. Find his total weekly wage.

hop and
13is paid
The $12.40 per hour.
table lists Calculate fortnightly
the maximum Susan’s wage in a week
payments forwhen sheon youth allowance.
people
Your circumstances Maximum Payment
Single, no children, younger than 18 years, and live $244.10
at parent’s home
Single, no children, younger than 18 years, and need $445.80
rs a day and a 9-day fortnight. If his pay rate is $23.15 per hour, what is his
to live away from parent’s home
Single, no children, 18 years or older, and live at $293.60
parent’s home
Single, no children, 18 years or older, and need to $445.80
live away from parent’s home
Single with children $584.20
5.90 per fortnight. If she works 35 hours
Member per week,
of a couple, with what is her hourly rate of $485.80
no children
Member of a couple, with children $489.60

a Liam is 19 years old and lives with his parents who have a combined annual taxable income of
$62 420. Liam’s annual youth allowance is reduced by 20 cents for every dollar his parents’ taxable
income exceeds $52 706. How much will Liam receive fortnightly? 2 marks
1
3.50 for working 7 hours. What will he be paid for working 5 hours at the
2
© Pascal Press ISBN 978 1 74125 685 7

b Jack and Jill are both aged 20 years old, both live away from home and receive youth allowance.
Jill has a four-year-old son. If Jack and Jill decide to move in together, by how much will their
combined youth allowance payment reduce per fortnight? 2 marks
s on Monday, 8 hours on Tuesday, 7 hours on Wednesday, 9 hours on Thursday
day. If he is paid $18.20 per hour, what is his weekly pay?

Excel ESSENTIAL
Chapter 1—FinancialSKILLS Year 11 1:
mathematics Mathematics Standard
Earning and Revision
managing money& Exam Workbook 17
Chapter 2
Financial mathematics 2: Interest and depreciation
Interest rates

Question 1 An interest rate of 6% p.a. is what rate:


a monthly? b quarterly?

c 6-monthly? d 4-monthly?

Question 2 Find the monthly interest rate if the annual rate is:
a 9% b 7.5%

Question 3 Find the quarterly interest rate if the annual rate is:
a 8% b 5%

Question 4 Find the number of:


a months in 5 years b quarters in 3 years

c 6-monthly periods in 8 years d 4-monthly periods in 2 years

Question 5 Interest on an investment is to be paid quarterly. If the principal is invested for 4 years and the
annual interest rate is 9% find:
a the number of quarters b the quarterly interest rate
© Pascal Press ISBN 978 1 74125 685 7

Question 6 Find the annual interest rate when it is:


a 2.5% per quarter b 0.9% per month

c 6.5% per 6-monthly period d 0.046% per day

18 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning
Financial and managing
mathematics money
2: Interest and depreciation
Wages Simple interest

Question
sic week 1 and
of 40 hours Find
herthe
hourly
simple
rate
interest
of payfor
is $12.50.
each of the
Calculate
following:
her weekly
a $4500 at 8% p.a. for 2 years b $8000 at 7% p.a. for 6 years

hours per
c week andathis9%weekly
$20 000 wage
p.a. for is $756. Find his hourly ratedof$5900
8 years pay. at 12% p.a. for 6 months

1
e $20 500 at 7 % p.a. for 3 months f $36 000 at 10.25% p.a. for 4 years
38-hour week for an hourly
2 rate of $15.95. Find his total weekly wage.

g $65 000 for 5 years at 6.5% p.a. h $82 000 for 2 years at 8.25% p.a.
hop and is paid $12.40 per hour. Calculate Susan’s wage in a week when she

Question 2 $3000 is invested at 5% p.a. simple interest for 4 years. Find:


rs a daya and
thea total
9-dayamount of interest
fortnight. earned
If his pay rate is $23.15 per hour, what is his

b the total value of the investment at the end of the 4 years


5.90 per fortnight. If she works 35 hours per week, what is her hourly rate of

Question 3 Find the length of time for:


a $500 to be the interest on $1800 at 6% p.a. b $850 to be the interest on $2400 at 8% p.a.
1
3.50 for working 7 hours. What will he be paid for working 5 hours at the
2
© Pascal Press ISBN 978 1 74125 685 7

Question 4 Find the rate per cent per annum for:


a $1500 to be the interest on $5400 for 5 years b $900 to be the interest on $2700 for 2 years
s on Monday, 8 hours on Tuesday, 7 hours on Wednesday, 9 hours on Thursday
day. If he is paid $18.20 per hour, what is his weekly pay?

Excel ESSENTIAL
Chapter 2—FinancialSKILLS Year 11 2:
mathematics Mathematics Standard
Interest and Revision & Exam Workbook
depreciation 19
Financial mathematics 2: Interest and depreciation
Simple interest graphs

Question 1 Carmen invested $2000 at 4% per annum simple interest.


a Simplify the simple interest formula I = Prn by substituting values for the principal and the interest rate.

b Use this formula to complete the table of values.


n 0 1 2 3 4 5
I

c Plot the points on a number plane and join with a line.


I
400

300

200

100

0 1 2 3 4 5 n

Question 2 Dougal is comparing three different interest rates for a possible investment.
a On the same graph represent the interest earned on $4000 invested at these different rates for a period
of up to 5 years:
I 4% per annum II 6% per annum III 8% per annum
I
1600
1400
1200
1000
800
600
400
200

0 1 2 3 4 5 n
© Pascal Press ISBN 978 1 74125 685 7

b How much does each investment earn after 5 years?

c How long does it take each investment to earn $800?

20 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning
Financial and managing
mathematics money
2: Interest and depreciation
Wages Increasing or decreasing by a percentage

Question
sic week 1 and
of 40 hours A bike
her hourly
is originally
rate ofpriced
pay isat$12.50.
$1250. Calculate
Find the new
her weekly
price if it:
a increases in price by 15%

hours per
b week and his
decreases weeklybywage
in price 10% is $756. Find his hourly rate of pay.

week for2an hourly


38-hourQuestion Jamesrate
is currently paid
of $15.95. a salary
Find of $87
his total 620wage.
weekly per annum. Find his new salary if he is given:
a a pay rise of 3% b a pay cut of 4%

hop and is paid $12.40 per hour. Calculate Susan’s wage in a week when she
Question 3 An electrical store is having a 25% discount sale on all items. What is the new price on the
following:
a heater with original price of $120? b television with original price of $2360?

rs a day and a 9-day fortnight. If his pay rate is $23.15 per hour, what is his

Question 4 All workers in a company are to receive a 2.3% pay rise. What is the new salary if William’s
current salary is $78 960?

5.90 per fortnight. If she works 35 hours per week, what is her hourly rate of
Question 5 A store had a series of price changes over consecutive days. Find the final price of these
products:
a a diamond ring originally priced at $840, increased in price by 10% and then decreased in price by 15%

1
3.50 for
b working 7 hours.
a bracelet What will he be paid for working 5 hours at the
2 originally priced at $250, decreased in price by 20% and then increased in price by 30%
© Pascal Press ISBN 978 1 74125 685 7

Question 6 The original price of a computer is $900. The price is then discounted by 10% on Saturday and a
further 10% on Tuesday. Rachel says that this means the price has been discounted by 20%. Do
s on Monday, 8 hours onyouTuesday,
agree with Rachel?
7 hours Support your9 answer
on Wednesday, hours onwith calculations.
Thursday
day. If he is paid $18.20 per hour, what is his weekly pay?

Excel ESSENTIAL
Chapter 2—FinancialSKILLS Year 11 2:
mathematics Mathematics Standard
Interest and Revision & Exam Workbook
depreciation 21
Financial mathematics 2: Interest and depreciation
Profit and loss

Question 1 Complete the table:


Item Cost price Selling price Profit Profit as % of cost price
Chainsaw $280 $350
Floor rug $420 $31.50
Spa $560 20%

Question 2 Gracie bought 100 shares of AJ HiFi at $24 each and later sold them for $21.50 each.

a What was the total loss of her shares?


b What was the percentage loss per share, correct to two decimal places?

Question 3 Hepsi buys items at garage sales and then sells them at a Sunday market stall. She makes a profit
of 35% on all products she sells. Find Hepsi’s selling price on these items with cost price of:
a lamp, $40 b game console, $120
Question 4 Complete the table:
Item Cost price Selling price Loss Loss as % of cost price
Lounge $1280 $1088
Dryer $440 $110
Television $1480 30%

Question 5 Clancy owns a market stall and buys her fruit and vegetables wholesale. She increases the
wholesale prices by 35% and then rounds up her selling prices to the nearest dollar. Find the
price she sells these items for:
a box of cherries, $8 b tray of mangoes, $6

Question 6 Four years ago Shane purchased his car for $43 500 but is now selling the car as he is travelling
overseas. He has been offered a price which means that he makes a loss of 30%. What amount
has he been offered for the car?

Question 7 Jason collects old and rare football cards and uses a table to record cost and selling prices.
Jason’s football cards
© Pascal Press ISBN 978 1 74125 685 7

Player Purchase price Profit % Profit Selling price


Andrew Johns $12 15 $1.80 $13.80
Peter Sterling $18 A $4.50 $22.50
Eric Grothe $12 10 $1.20 $13.20
Mal Meninga $24 30 $7.20 B

What would be the value of:


b A? b B?

22 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning
Financial and managing
mathematics money
2: Interest and depreciation
Wages Goods and services tax (GST)

In of
sic week Australia,
40 hoursthe
andGST
herishourly
a tax that
rate is
ofequal
pay isto$12.50.
10% ofCalculate
the purchase price of an item.
her weekly
Question 1 Calculate the GST payable on each of the following items:
a cricket ball at $150

hours per
b week and his
basketball at weekly
$90.80 wage is $756. Find his hourly rate of pay.

c pair of shoes at $320.95

38-hour week for an hourly rate of $15.95. Find his total weekly wage.
d restaurant dinner at $190.60

e plant at $140.70
hop and is paid $12.40 per hour. Calculate Susan’s wage in a week when she

Question 2 Geoff buys a jumper for $230.50, including GST. Calculate the pre-GST price of the jumper.

rs a day and a 9-day fortnight. If his pay rate is $23.15 per hour, what is his

Question 3 An electrician charges $55 for a service call, including GST. What was the pre-GST charge?

5.90 per fortnight. If she works 35 hours per week, what is her hourly rate of
Question 4 Calculate the pre-GST price of a car that costs $36 500, including GST.

1
3.50 for working 7 hours. What will he be paid for working 5 hours at the
Question 5 2 The Brunsdon family goes to a restaurant for dinner. The cost is $265.90, including GST. How
much GST was paid?
© Pascal Press ISBN 978 1 74125 685 7

s on Monday, 8 hours on Tuesday, 7 hours on Wednesday, 9 hours on Thursday


Question 6 If the pre-GST price of a camera is $583.50, calculate the final price after GST has been added.
day. If he is paid $18.20 per hour, what is his weekly pay?

Excel ESSENTIAL
Chapter 2—FinancialSKILLS Year 11 2:
mathematics Mathematics Standard
Interest and Revision & Exam Workbook
depreciation 23
Financial mathematics 2: Interest and depreciation
Straight-line depreciation

Question 1 Use the formula S = Vo – Dn to calculate the following.


a Leesa pays $23 500 for a new car. It depreciates at $1200 each year. How much will it be worth after:
i 4 years? ii 10 years?

b William purchased a second-hand car for $12 800. After 4 years its salvage value was half of what he paid
for it. Calculate the annual depreciation amount, assuming depreciation is constant.

c James bought a new car for $38 900. After it had depreciated by $1600 p.a. for a number of years, its
current value was $26 100. For how many years had it depreciated?

d A truck is purchased for $125 000. After 3 years its market value is $98 000.
i If the annual depreciation is constant, by how much does it depreciate each year?

ii What is the book value of the truck after 8 years?

Question 2 Phil buys a new motor bike for $18 000. Each year it depreciates at 12% of its purchase price.
What is its salvage value after 7 years?

Question 3 The graph shows the depreciation of a vehicle. Depreciation of a vehicle


Written-down replacement cost

36
a What was the initial cost of the vehicle?
30
b What is meant by ‘residual value’?
24
(x $1000)

c By how much does the car depreciate each year?


18
© Pascal Press ISBN 978 1 74125 685 7

Is this a constant amount?


12
d What is the value of the car after: 6
i 4 years? ii 9 years? 0
3
e Walter is hoping to sell the vehicle when it reaches of 0 2 4 6 8 10 12 14 16 18
4 Number of years
its initial cost price. After how many years will he sell the
vehicle?

24 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning
Financial and managing
mathematics money
2: Interest and depreciation
Wages interest as repeated applications of simple interest
Compound

Question
sic week 1 and
of 40 hours Melita
her hourly
used a rate
tableoftopay
calculate
is $12.50.
the Calculate
value of an
herinvestment.
weekly She deposited $5000 into an
account for 5 years earning simple interest of 4% per annum. At the end of each year the
interest earned added to her existing principal.
Value of Melita’s investment
After n years, if n = Principal Interest rate % Interest New amount
hours per week and his weekly wage is $756. Find his hourly rate of pay.
1 $5000.00 4 $200.00 $5200.00
2 $5200.00 4 $208.00 $5408.00
3 $5408.00 4 A $5624.32
4 $5624.32 4 $224.97 B
38-hour week for an hourly rate
5 of $15.95. Find his total weekly wage.
$5849.29 4 $233.97 $6083.26

a What calculation has Melita used to find:


i the interest after 2 years? ii the new amount after 5 years?
hop and is paid $12.40 per hour. Calculate Susan’s wage in a week when she
b What is the value of:
i A? ii B?

rs a dayQand a 9-day
uestion 2 fortnight. If his $2500
Luke invested pay rate is $23.15
into peraccount
a savings hour, what
for aisyear
his earning an interest rate of 4.8% per
annum, calculated monthly. After each month the interest earned was added to his principal.
Luke used a spreadsheet to calculate the interest earned each month.
Value of Luke’s investment
After n months, if n = Principal Annual interest rate % Monthly interest rate % Interest New amount
1 $2500.00 4.8 0.40 $10.00 $2510.00
5.90 per fortnight. If2 she works 35 hours per week, what
$2510.00 4.8 is her hourly rate of 0.40 $10.04 $2520.04
3 $2520.04 4.8 0.40 $10.08 $2530.12
4 $2530.12 4.8 0.40 C $2540.24
5 A 4.8 0.40 $10.16 $2550.40
6 $2550.40 4.8 0.40 $10.20 E
17 $2560.60 4.8 0.40 $10.24 $2570.85
3.50 for working 7 hours. What will he be paid for working 5 hours at the
28 B 4.8 0.40 D F

a What calculation has Luke used to find:


© Pascal Press ISBN 978 1 74125 685 7

i C? ii E?

b What is the value in the following cells?


s on Monday, 8 hours on Tuesday, 7 hours on Wednesday, 9 hours on Thursday
day. If he iis paid
A $18.20 per hour, what is his weekly pay? ii F

c If Luke changed the annual interest rate from 4.8% to 6%, what would be the new amount after 1 month?

Excel ESSENTIAL
Chapter 2—FinancialSKILLS Year 11 2:
mathematics Mathematics Standard
Interest and Revision & Exam Workbook
depreciation 25
Financial mathematics 2: Interest and depreciation
TOPIC TEST SECTION I
Instructions • This section consists of 5 multiple-choice questions.
• Each question is worth 1 mark.
• Fill in only ONE CIRCLE for each question.

Time allowed: 7 minutes Total marks: 5

1 A boat was purchased for $16 800 and later sold for $10 920. Which of these is the loss expressed as a
percentage of the cost price?
A 35% B 40%

C 45% D 65%
Linden created this spreadsheet to show the increases in salaries of four employees. The spreadsheet is used to
answer questions 2 to 4.
A B C D E
1 Salaries of employees
2 Employee Existing salary Increase % Increase New salary
3 Rupert $72 560 2.4 $1741.44 $74 301.44
4 Layla $74 200 1.8 $1335.60
5 Duncan $73 790 2.2 $1623.38 $75 413.38
6 Julia $73 670 $1105.05 $74 775.05

2 Which of these is the value in cell E4?


A $75 535.60 B $75 637.04

C $74 077.78 D $75 980.80

3 Which employee will have the highest new salary?


A Rupert B Layla

C Duncan D Julia

4 Which of these is the value in cell C6?


A 0.15 B 0.25
© Pascal Press ISBN 978 1 74125 685 7

C 1.5 D 2.5

5 Arden deposits $23 450 into a savings account offering simple interest of 3.5% p.a. How many years will
it take for it to earn interest of $4924.50?
A 3 years B 4 years

C 5 years D 6 years

26 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning and managing money
TOPIC TEST SECTION II
Wages
Instructions • This section consists of 10 questions.
• Show all working.
sic week of 40 hours and her hourly rate of pay is $12.50. Calculate her weekly
Time allowed: 53 minutes Total marks: 35

6 The GST is presently set at 10% in Australia.


a Find the new price of a phone that had a pre-GST price of $860. 1 mark
hours per week and his weekly wage is $756. Find his hourly rate of pay.

38-hour weekbforWhat is therate


an hourly amount of GSTFind
of $15.95. in the
his price
total of a jet-ski
weekly wage.priced at $8470? 1 mark

hop and is paid $12.40 per hour. Calculate Susan’s wage in a week when she
7 A hair salon used a table to show the impact of an increase in the GST from 10% to 12% for a number of
their services.
Impact of an increase in GST from 10% to 12%
Service Price without GST Price with 10% GST Price with 12% GST Increase
rs a day and a 9-day
Haircutfortnight. If his pay $60.00
rate is $23.15 per hour, what is his
$66.00 $67.20 $1.20
Haircut with wash $70.00 $77.00 $78.40 $1.40
Full highlights $160.00 $176.00 $179.20 $3.20
Partial highlights $130.00 A B

What is the value of:


5.90 per fortnight.
a A? If she works 35 hours per week, what is her hourly rate of 1 mark

b B? 1 mark

1
3.50 for working 7 hours. What will he be paid for working 5 hours at the
2
8 Phoebe invested $4000 at 6% per annum simple interest.
© Pascal Press ISBN 978 1 74125 685 7

a Simplify the simple interest formula I = Prn by substituting values for the principal and
the interest rate. 1 mark

s on Monday, 8 hours on Tuesday, 7 hours on Wednesday, 9 hours on Thursday


day. If he is paid $18.20 per hour, what is his weekly pay?
b Use this formula to complete the table of values. 2 marks
n 0 1 2 3 4 5
I

Excel ESSENTIAL
Chapter 2—FinancialSKILLS Year 11 2:
mathematics Mathematics Standard
Interest and Revision & Exam Workbook
depreciation 27
c Plot the points on a number plane and join with a line. 2 marks
I
1200
1000
800
600
400
200

0 1 2 3 4 5 n

9 Using the formula S = Vo – Dn, what is the value of:


a a car after 5 years if it originally cost $36 600 and is depreciating by $3500 per year? 2 marks

b a fork-lift after 2 years if it originally cost $18 400 and is depreciating by 15% of its original value
each year? 2 marks

10 Five years ago Gillian bought a washing machine for $1260. As she is now moving interstate, she is
selling the washing machine at a loss of 60% on her purchase price.
a At what price does Gillian want to sell the washing machine? 2 marks

b Unfortunately she does not sell the washing machine, but a week later it is sold when she reduces
its price by 20%. What is her overall loss in the 5 years? 2 marks

11 A jet-ski is purchased for $3640 and 3 years later it has a value of $1456.
a What is the amount of depreciation per year? 2 marks
© Pascal Press ISBN 978 1 74125 685 7

b Express the annual depreciation as a percentage of the original value. 2 marks

28 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics
12 1: Earning
Oliver and managing
bought a wheelbarrow money
originally priced at $110 from a hardware store. The store had a
15% discount sale on all wheelbarrows. Also, Oliver used a 10% family discount card as his brother
Wages
worked in the store.
a How much did Oliver save? 2 marks
sic week of 40 hours and her hourly rate of pay is $12.50. Calculate her weekly

b and
hours per week What
hiswas the total
weekly wage percentage discount
is $756. Find thatrate
his hourly Oliver received?
of pay. 2 marks

38-hour13
weekThe
for price
an hourly
of a rate of $15.95.
camera, Find10%
including his GST,
total isweekly
$946.wage.
If the government was to raise the GST to 15%
what would be the new price of the camera? 2 marks

hop and is paid $12.40 per hour. Calculate Susan’s wage in a week when she

14 An electrical store held a Black Friday sale where all items were discounted by the same mystery
percentage. A laptop dropped in price from $860 to $752.50.
a What is the storewide discount percentage? 1 mark
rs a day and a 9-day fortnight. If his pay rate is $23.15 per hour, what is his

b What will be the new price of a vacuum cleaner originally priced at $380? 1 mark

5.90 per fortnight. If she works 35 hours per week, what is her hourly rate of
c Find the original price of a toaster if it has a discounted price of $22.75. 2 marks

d A sound system drops in price by $160. What is the discounted price? 2 marks
1
3.50 for working 7 hours. What will he be paid for working 5 hours at the
2
15 Talin purchased a painting at an auction for $24 250. To complete the purchase, he had to pay an
© Pascal Press ISBN 978 1 74125 685 7

additional 10% to the auctioneers. Two years later he sold it to make a profit of 28% on his total
purchase cost.
a What was the total cost of the painting? 1 mark
s on Monday, 8 hours on Tuesday, 7 hours on Wednesday, 9 hours on Thursday
day. If he is paid $18.20 per hour, what is his weekly pay?

b At what price did he sell the painting? 1 mark

Excel ESSENTIAL
Chapter 2—FinancialSKILLS Year 11 2:
mathematics Mathematics Standard
Interest and Revision & Exam Workbook
depreciation 29
Chapter 12
matics 1: Earning
Sample Year and managing money
11 examination 1
Wages
Total time: 2 hours Total marks: 80

sic weekSECTION
of 40 hours andI her hourly rate of pay is $12.50. Calculate her weekly Marks: 10
Instructions • Attempt Questions 1 to 10.
• Allow about 15 minutes for this section.
• Each question is worth 1 mark.
• Circle only ONE multiple-choice option.
hours per week and his weekly wage is $756. Find his hourly rate of pay.
1 The stamp duty payable on purchasing a new car is 3% of the market value up to $45 000, plus 5% on
the value over $45 000. A new car costs $65 000. The stamp duty is closest to:
A $1950 B $2350 C $3250 D $5200
38-hour week for an hourly1 rate of $15.95. Find his total weekly wage.
2 If s = ut + at2, the value of s when u = 0, t = 5 and a = 10 is:
2
A 125 B 130 C 2500 D 2505

3 Find the interquartile range of the scores 1, 3, 8, 4, 7, 8, 1, 10, 12, 9:


hop and is paid $12.40 per hour. Calculate Susan’s wage in a week when she
A 6 B 7.5 C 8 D 11

4 The number 45 097 000 written in scientific notation correct to two significant figures is:
A 4.5 × 107 B 4.51 × 107 C 45.1 × 106 D 4.5 × 10–7
rs a day 5
and aJohn
9-day fortnight.
tosses If his pay
an unbiased coinrate
fiveistimes,
$23.15each
per time
hour, obtaining
what is hisa head as a result. On the sixth toss of this
coin, the probability of obtaining a head is:
1 1 1 1
A B C D
5 6 2 3
6 An amount of money is increased by 40%. This new amount is then decreased by 40%. The final
amount is:
5.90 per fortnight.
A less If she
thanworks 35 hoursamount
the original per week, what is herBhourly rate than
greater of the original amount
C equal to the original amount D There is not enough information.

7 Georgia works as a bank teller and is encouraged to sell insurance policies to customers. Her monthly
commission is based on a sliding scale of 4% on the first $4000 of her sales, 2.25% on the next $3000
and 2.1% thereafter. What is Georgia’s commission when her total sales are $9400?
1
A $277.90 B $376.00 C $684.20 D $835.00
3.50 for working 7 hours. What will he be paid for working 5 hours at the
2
8 Arlen calculates that he uses his 4000-W clothes dryer for an average of 30 minutes each day. How much
© Pascal Press ISBN 978 1 74125 685 7

energy does he use in one week?


A 0.84 kWh B 14 kWh C 840 kWh D 14 000 kWh

9 The coordinates of Madrid are (40° N, 4° W). Ankara is 37° east of Madrid. Which of these are the
s on Monday,coordinates
8 hours on of Ankara?
Tuesday, 7 hours on Wednesday, 9 hours on Thursday
day. If he is paid
A (40° N, 33° W) what
$18.20 per hour, B is (40°
his weekly pay?
N, 41° W) C (40° N, 33° E) D (40° N, 41° E)

10 Which of the following correctly makes a the subject of the formula v = u + at?
uv u u–v v–u
A a= B a=v– C a= D a=
t t t t

Excel ESSENTIAL
Chapter 12—SampleSKILLS
Year 11Year 11 Mathematics Standard Revision & Exam Workbook
examinations 161
Sample Year 11 examination 1
SECTION II Marks: 70
Instructions • Attempt Questions 11 to 31.
• Allow about 1 hour and 45 minutes for this section.
• Answer the questions in the spaces provided. These spaces provide guidance
for the expected length of response.
• Your responses should include relevant mathematical reasoning and/or
calculations.

Question 11 (4 marks)
The owner’s manual for a car states the fuel tank holds 55 L.
a Calculate the cost of filling the tank at 149.9 cents/L. 2 marks

b Given the fuel consumption is 7.9 L per 100 km, calculate the distance travelled on
one tank of fuel. 2 marks

Question 12 (2 marks)
On the weekend, motorists were randomly breath tested and 8% of them were charged with
drink driving. If 120 people were charged, how many people were tested? 2 marks

Question 13 (4 marks)
Matthew earns $27.30 per hour.
a Find Matthew’s pay in a week when he works 40 hours at normal time and 7 hours at
time-and-a-half. 2 marks
© Pascal Press ISBN 978 1 74125 685 7

1
b Matthew takes 4 weeks annual leave and receives a 17 % leave loading. Find the total of Matthew’s
2
holiday pay, based on a 40-hour week at normal time. 2 marks

162 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning
Sample Year and managing money
11 examination 1
Wages
Question 14 (2 marks)
Bruce caught a fish and measured its length as 16 cm to the nearest centimetre. What is the percentage
sic week of 40
error of hours
Bruce’sand her hourly rate of pay is $12.50. Calculate her weekly
measurement? 2 marks

Question 15 (2 marks)
hours per week and his weekly wage is $756. Find his hourly rate of pay.
Use the formula d = 0.7v + 0.01v2 to calculate the total stopping distance of a car travelling at
75 km/h. [d = stopping distance (m); v = speed (km/h)] 2 marks

38-hour week for an hourly rate of $15.95. Find his total weekly wage.
Question 16 (6 marks)
Joanne, with a total income of $56 835, has allowable deductions of $1650.
a isCalculate
hop and her taxable
paid $12.40 per hour.income.
Calculate Susan’s wage in a week when she 1 mark

b Using the table below, calculate the tax payable. 2 marks


rs a day and a 9-day fortnight. If his pay rate is Tax
Taxable income $23.15 perincome
on this hour, what is his
0 to $18 200 Nil
$18 201 to $37 000 19 cents for each $1 over $18 200
$37 001 to $90 000 $3572 plus 32.5 cents for each $1 over $37 000
$90 001 to $180 000 $20 797 plus 37 cents for each $1 over $90 000
$180 001 and over $54 097 plus 45 cents for each $1 over $180 000
5.90 per fortnight. If she works 35 hours per week, what is her hourly rate of

c Joanne must pay the Medicare levy of 2% of taxable income. Find the amount of Medicare levy
1 must pay.
that Joanne 1 mark
3.50 for working 7 hours. What will he be paid for working 5 hours at the
2
© Pascal Press ISBN 978 1 74125 685 7

d During the year $11 046 has been deducted from Joanne’s pay for tax. Will she receive a
refund or will she need to pay more tax? Justify your answer. 2 marks

s on Monday, 8 hours on Tuesday, 7 hours on Wednesday, 9 hours on Thursday


day. If he is paid $18.20 per hour, what is his weekly pay?

Excel ESSENTIAL
Chapter 12—SampleSKILLS
Year 11Year 11 Mathematics Standard Revision & Exam Workbook
examinations 163
Sample Year 11 examination 1
Question 17 (5 marks)
The diagram shows a triangular prism.
a Use Pythagoras’ theorem to find the value of x. 1 mark
51 cm

24 cm

12 cm
x cm
b Find the surface area of the prism. 2 marks

c Find the volume. 2 marks

Question 18 (3 marks)
A hardware store held a ‘15% off all merchandise’ sale. Sam bought a pressure cleaner originally priced at
$129. He also received a discount of a further 5% by using his trade discount card. What was the total
amount saved from the original price? 3 marks

Question 19 (2 marks)
Solve for x: 3(x – 10) = 2(5 – x) 2 marks

Question 20 (4 marks)
Sophia borrows $23 200 to buy a used car. She is charged a flat rate of interest of 3.6% p.a. and agrees to
repay the loan in monthly instalments over 4 years.
a What is the total interest she is charged on the loan? 2 marks
© Pascal Press ISBN 978 1 74125 685 7

b Find the size of each monthly instalment, to the nearest dollar. 2 marks

164 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning
Sample Year and managing money
11 examination 1
Wages
Question 21 (6 marks)
The table gives an average water use per person per day.
sic week of 40 hours and her hourly rate of pay is $12.50. Calculate her weekly
Use Litres/day
Bath/Shower 72
Sink 18
Toilet 35
hours per week and his weekly wage is $756.Washing
Find his hourly rate of pay.
clothes 45
Washing dishes 29
Cooking 8
Miscellaneous 6
38-hour week for an hourly rate of $15.95. Find his total weekly Total
wage. 213
a How much water is used in the sink over a year? 1 mark

hop and is paid $12.40 per hour. Calculate Susan’s wage in a week when she
b How much water (in kilolitres) does the average person use in a year? 1 mark

rs a day and a 9-day fortnight. If his pay rate is $23.15 per hour, what is his
c One of these areas uses 21.1% of the daily water use. Which is it? 1 mark

d What percentage of water is spent on washing dishes? 1 mark

5.90 per fortnight. If she works 35 hours per week, what is her hourly rate of

e A water-efficient toilet can save about 20% on a person’s water use of that device.
i What is the daily saving in this area? 1 mark

1
3.50 for working
ii What7 ishours. What will
the annual he in
saving be this
paid area?
for working 5 hours at the 1 mark
2
© Pascal Press ISBN 978 1 74125 685 7

Question 22 (4 marks)
A garden is in the shape of a sector.
4.8 m
a What is the perimeter of the garden, correct to two decimal places? 2 marks
120°
s on Monday, 8 hours on Tuesday, 7 hours on Wednesday, 9 hours on Thursday O
day. If he is paid $18.20 per hour, what is his weekly pay?
b Find the area of the garden, correct to three significant figures. 2 marks

Excel ESSENTIAL
Chapter 12—SampleSKILLS
Year 11Year 11 Mathematics Standard Revision & Exam Workbook
examinations 165
Sample Year 11 examination 1
Question 23 (4 marks)
The table lists the running costs (cents per km) of four cars in the first 5 years after purchase, travelling
15 000 km per year.
Vehicle class Fuel (c/km) Tyres (c/km) Service/Repairs (c/km)
Small 8.15 0.97 5.98
Medium 8.41 1.05 6.92
Large 10.57 1.12 7.07

a What was the total running cost of a medium sized car per 1000 km? 2 marks

b Find the total cost of a large car in the 5 years. 2 marks

Question 24 (2 marks)
What is the value of x, correct to two decimal places? 2 marks

Not to scale

15 m

xm

9m 4m

Question 25 (2 marks)
A paddock has a dam as one of its sides.
42 m

26 m 35 m
© Pascal Press ISBN 978 1 74125 685 7

40 m

Use two applications of the trapezoidal rule to find an approximation for the area of the paddock. 2 marks

166 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning
Sample Year and managing money
11 examination 1
Wages
Question 26 (2 marks)
Use the train timetable to answer the following questions:
sic week of 40 hours and her hourly rate of pay is $12.50. Calculate her weekly
Monday–Friday
Knightley 06:29 – 06:53 07:21 – 07:17
Yonder 06:36 – 07:00 – – 07:24
Plucks Creek 06:48 – 07:12 – – 07:36
hours per week and Jarrah
his weekly wage is $756.06:55
Find his hourly
– rate of –pay. – 07:38 07:43
Torrie Junction 07:12 07:23 07:32 07:42 07:55 08:00
Coorinda 07:17 07:28 07:37 07:47 08:00 08:05
Lealake 07:28 07:39 07:48 07:58 08:11 08:16
38-hour week for anMagic Point
hourly 07:32his total–weekly wage.
rate of $15.95. Find – 08:02 – 08:20
Tangorie 07:41 07:50 07:59 08:11 08:24 08:29

a Henry arrives at Plucks Creek at 06:55. What is the earliest time he can arrive at Tangorie? 1 mark

hop and is paid $12.40 per hour. Calculate Susan’s wage in a week when she
b Ella is travelling from Yonder to Magic Point and needs to arrive by 8:10. What time does the latest train
Ella can catch leave Yonder? 1 mark

rs a dayQand
uestion 27 (4
a 9-day marks) If his pay rate is $23.15 per hour, what is his
fortnight.
In a year 11 class there are 10 girls and 4 boys. Two students are to be chosen at random from the class.
a Complete the tree diagram. 2 marks
G
10
G
14
5.90 per fortnight. If she works 35 hours per week, what is her hourly rateB of
G

b What is the probability that a boy and a girl are chosen? 2 marks
1
3.50 for working 7 hours. What will he be paid for working 5 hours at the
2

Question 28 (2 marks)
© Pascal Press ISBN 978 1 74125 685 7

Lennie has saved $30 000 to buy a new car. The car was originally priced at $28 000, but as Lennie had no
trade-in he was given a discount of $2000. The dealership also charged $1720 for dealer delivery. Lennie
paid $393.80 for registration, $359 for compulsory third-party insurance and $645 for comprehensive
insurance.
s on Monday, Has Lennie
8 hours saved7 enough
on Tuesday, hours onmoney? Justify
Wednesday, your answer
9 hours with calculations.
on Thursday 2 marks
day. If he is paid $18.20 per hour, what is his weekly pay?

Excel ESSENTIAL
Chapter 12—SampleSKILLS
Year 11Year 11 Mathematics Standard Revision & Exam Workbook
examinations 167
Sample Year 11 examination 1
Question 29 (2 marks)
Isla flew non-stop from Adelaide to Auckland. The plane departed Adelaide (UTC+9.5) at 11:55 local time and
arrived at Auckland (UTC+12) at 18:35 local time. How long was the flight? 2 marks

Question 30 (4 marks)
A concrete pipe has an outer diameter of 30 cm and an inner diameter of 24 cm and is 3.6 m long.
24 cm

O
3.6 m
O
Not to scale
30 cm

a What is the area of the cross-section, correct to two decimal places? 1 mark

b A pipeline is to be laid over a distance of 72 km using the pipes. Find the total volume of concrete used
to manufacture the pipes. Answer to the nearest cubic metre. 3 marks

Question 31 (4 marks)
A survey was conducted on each day of the weekend to determine the ages of children using a treetops
adventure activity centre. Twenty children were surveyed each day. The results of the surveys are recorded in
the box plots.
Saturday

Sunday

6 7 8 9 10 11 12 13 14 15 16
© Pascal Press ISBN 978 1 74125 685 7

Scores

a How many children were at least 9 years old on Sunday? 1 mark

b Compare and contrast the two sets of results by referring to the skewness of the distribution and the
measures of location and spread. 3 marks

168 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning
Sample Year and managing money
11 examination 2
Wages
Total time: 2 hours Total marks: 80

sic weekSECTION
of 40 hours andI her hourly rate of pay is $12.50. Calculate her weekly Marks: 10
Instructions • Attempt Questions 1 to 10.
• Allow about 15 minutes for this section.
• Each question is worth 1 mark.
• Circle only ONE multiple-choice option.
hours per week and his weekly wage is $756. Find his hourly rate of pay.
1 7.06 × 10–6 equals:
A 0.000 0706 B 0.000 007 06 C 70 600 D 706 000

2 The Maglev (magnetic levitation) train in Shanghai reaches speeds of 430 km/h. This is equivalent to:
38-hour weekAfor an hourly
11.9 m/s rate of $15.95. Find his
B 15.48 m/stotal weekly
C wage.
119.4 m/s D 1548 m/s
x 2
3 The solution to the equation = is:
4 3
1 2 2
hop and is paid
A $12.40
x = per hour. Calculate
B xSusan’s
= 6 wage in a week
C when
x = 4 she D x=2
6 3 3
4 Joe won the final of a tennis tournament after playing seven matches. The number of aces served by Joe
in those matches was 13, 9, 12, 9, 13, 9, 12. The difference between the median and the mean is:
A 0 B 1 C 2 D 3
rs a day and a 9-day fortnight. If his pay rate is $23.15 per hour, what is his
5 The value of 3x2 – 7x when x = –2 is:
A –26 B –2 C 2 D 26
6 cm 2 cm
6 Calculate the area of the shaded part of the rectangle shown below.
A 32 cm2 B 64 cm2 C 96 cm2 D 128 cm2
16 cm

5.90 per7fortnight.
Which Ifofshe
theworks
following is anper
35 hours example of discrete
week, what is her data?
hourly rate of
A the height of Year 11 students
B the colour of eyes of the students of a Year 11 maths class
C the time taken by Year 11 students to complete an assessment task
D the number of students in Year 11

If it 7is1 hours.
3.50 for 8working 10:35 am in will
What Vancouver (UTC–8)
he be paid what is5 the
for working local
hours time in Paris (UTC+1)?
at the
2
A 1:35 am B 3:35 am C 5:35 pm D 7:35 pm
© Pascal Press ISBN 978 1 74125 685 7

9 A car is originally valued at $38 400. The value of the car depreciates at the rate of $3260 per annum.
After n years the value of the car is $25 360. What is the value of n?
A n=2 B n=3 C n=4 D n=5

10 A set of data is displayed in this box plot. Which of the following best describes this set of data?
s on Monday, 8 hours on Tuesday, 7 hours on Wednesday, 9 hours on Thursday
normallyper
A $18.20
day. If he is paid distributed
hour, what is his weekly pay?
B positively skewed
C negatively skewed
16 18 20 22 24 26 28 30 32 34
D symmetrical

Excel ESSENTIAL
Chapter 12—SampleSKILLS
Year 11Year 11 Mathematics Standard Revision & Exam Workbook
examinations 169
Sample Year 11 examination 2
SECTION II Marks: 70
Instructions • Attempt Questions 11 to 29.
• Allow about 1 hour and 45 minutes for this section.
• Answer the questions in the spaces provided. These spaces provide guidance
for the expected length of response.
• Your responses should include relevant mathematical reasoning and/or
calculations.

Question 11 (4 marks)
a For a driver under the influence of alcohol, driving in poor conditions, the formula for
the stopping distance of a car is d = 1.1v + 0.019v2. Calculate the total stopping distance
of a car travelling at 75 km/h. [d = stopping distance (m); v = speed (km/h)] 2 marks

b Calculate the blood alcohol content (BAC) of a 79-kg female who has consumed six standard
drinks in 5 hours, correct to three decimal places. 2 marks

Question 12 (4 marks)
Penny runs a boutique. She bought a silk shirt for $40, added 50% profit margin and then
reduced the price by 50%.
a What is the sale price of the shirt? 2 marks

b Penny says the sale price should be $40 because if you add 50% and then take off 50%,
the price should not change. Explain the error in her reasoning. 2 marks
© Pascal Press ISBN 978 1 74125 685 7

Question 13 (2 marks)
Find the volume of the prism. 2 marks

4.3 cm
3.4 cm

cm
7.8 cm 8.6

170 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning
Sample Year and managing money
11 examination 2
Wages
Question 14 (6 marks)
A body is projected vertically upward with a speed of 100 m/s. Owing to the 100
sic week of of
pull 40gravity,
hours and
theher hourly
speed rate of pay
decreases withistime
$12.50. Calculate
according her relationship
to the weekly
80
v = 100 – 10t. The table gives values of v for some values of t.

Speed (m/s)
60
t 0 2 4 6 8 10
40
v 80 40
hours per week and his weekly wage is $756. Find his hourly rate of pay. 20
a Complete the table. 1 mark
b Plot these points on the number plane and draw a graph showing the 0 2 4 6 8 10
Time (s)
relationship between speed and time. 3 marks
Use the
38-hour week graph
for an to rate
hourly find of
the$15.95.
value of:
Find his total weekly wage.
c v when t = 5.5 1 mark

d t when v = 84 1 mark
hop and is paid $12.40 per hour. Calculate Susan’s wage in a week when she

Question 15 (3 marks)
The numbers 4, 5 and 6 are written on three cards, one number on each card. The cards are shuffled and
then placed in a row to form a three-digit number.
rs a day and a 9-day fortnight. If his pay rate is $23.15 per hour, what is his
a List the possible numbers. 2 marks

b What is the probability that the number is odd? 1 mark


5.90 per fortnight. If she works 35 hours per week, what is her hourly rate of
Question 16 (4 marks)
In a certain state the stamp duty for a new private car is as shown.
Car value Stamp duty
$600 or less $20
1
3.50 for working 7 hours. What will he be paid for 3%
$601 to $35 000
working 5 hours at the
($3 for every $100 or part thereof)
2
$35 001 to $40 000 $1050 + 11% for the proportion over $35 000
© Pascal Press ISBN 978 1 74125 685 7

$40 001 and over 4% ($4 for every $100 or part thereof)

a Calculate the stamp duty payable for a vehicle costing $24 500. 2 marks

s on Monday, 8 hours on Tuesday, 7 hours on Wednesday, 9 hours on Thursday


day. If he is paid $18.20 per hour, what is his weekly pay?

b How much more in stamp duty is paid for a vehicle costing $60 000 than one costing $30 000? 2 marks

Excel ESSENTIAL
Chapter 12—SampleSKILLS
Year 11Year 11 Mathematics Standard Revision & Exam Workbook
examinations 171
Sample Year 11 examination 2
Question 17 (6 marks)
Clancy borrowed $480 000 to buy a house, with repayments made at the end of each month for 30 years.
The interest rate and monthly repayments for his loan for the first 5 months are shown in the table.
Home loan table
Amount = $480 000 Annual interest rate = 6.6% Monthly repayment = $3066
Month Principal (P) Interest (I) P+I P+I–R
1 $480 000.00 $2640.00 $482 640.00 $479 574.00
2 $479 574.00 $2637.66 $482 211.66 $479 145.66
3 $479 145.66 $2635.30 $481 780.96
4 $478 714.96 $2632.93 $481 347.89 $478 281.89
5 $478 281.89 $2630.55 $480 912.44 $477 846.44

After one month, Clancy still owes $479 574 on the loan.
a How many repayments will Clancy make before the loan is repaid? 1 mark

b What is the monthly interest rate? 1 mark

c How much does Clancy owe after 3 months? 1 mark

d What was the total amount of interest paid in the first 5 months? 1 mark

e What amount is owed after the sixth month, to the nearest cent? 2 marks
© Pascal Press ISBN 978 1 74125 685 7

Question 18 (2 marks)
weight 1 kg 2
The body mass index can be calculated from BMI =
height 1 m 2 × height 1 m 2
A man has a BMI of 29 and a height of 1 m 80 cm. Calculate his weight. 2 marks

172 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning
Sample Year and managing money
11 examination 2
Wages
Question 19 (4 marks)
A class of year 12 students recorded their bodyweight and displayed the data in the back-to-back
sic week of 40 hours and
stem-and-leaf plother hourly rate of pay is $12.50. Calculate her weekly
shown:

Boys Girls
4 9
6 2 5 3 4 6 7 8 9
hours per week and his weekly wage is $756.8Find7 4 2 1 0 rate
his hourly 6 of0pay.
0 2 3 8
5 5 4 0 7 2 5
1 8
7 9
38-houra week
Determine the upper and lower quartiles for the boys’ wage.
for an hourly rate of $15.95. Find his total weekly data. 2 marks

b Show if there is an outlier in the boys’ data. 2 marks


hop and is paid $12.40 per hour. Calculate Susan’s wage in a week when she

Question 20 (4 marks)
Twenty-five swimmers participated in an interstate diving competition. Each dive was awarded points on a
scale of 1 to 10. The distribution of the point scores is shown in the following table:
rs a day and a 9-day fortnight. If his pay rate is $23.15 per hour, what is his
Point score 4 5 6 7 8 9 10
Number of swimmers 2 1 3 5 6 5 3
a Find the mean. 1 mark

5.90 per fortnight. If she works 35 hours per week, what is her hourly rate of
b Find the population standard deviation correct to two decimal places. 1 mark

c How many of the scores lie within two standard deviations of the mean? 1 mark
1
3.50 for working 7 hours. What will he be paid for working 5 hours at the
2
© Pascal Press ISBN 978 1 74125 685 7

d If one of the 25 swimmers is chosen at random, what is the probability that this swimmer’s
dive score is less than 7? 1 mark

Question
s on Monday, 21 (3onmarks)
8 hours Tuesday, 7 hours on Wednesday, 9 hours on Thursday
day. If The
he isnumber
paid $18.20 per hour,
of bricks (n) what
laid is his
varies weeklywith
directly pay?the amount of time (t) spent. If 45 bricks are laid in
70 minutes:
a find the value of k if n = kt 1 mark

Excel ESSENTIAL
Chapter 12—SampleSKILLS
Year 11Year 11 Mathematics Standard Revision & Exam Workbook
examinations 173
Sample Year 11 examination 2
b how long would it take to lay 270 bricks? 2 marks

Question 22 (4 marks)
Not to
The diagram shows a hemisphere on top of a cone. scale

11 cm 16 cm

a What is the radius of the cone? 1 mark

b Find the volume of the solid, correct to two decimal places. 3 marks

Question 23 (3 marks)
1
Use the formula s = ut + at2 to find the value of a when s = 145, u = 4 and t = 5. 3 marks
2

Question 24 (2 marks)
What is the cost of comprehensive insurance for a premium of $1070 with a 60% no-claim bonus? 2 marks

Question 25 (2 marks)
The table shows the number of calories per 100 grams (Cal/g) for three macronutrients.
Source of energy Number of Cal per 100 g
© Pascal Press ISBN 978 1 74125 685 7

Carbohydrate 400
Protein 400
Fat 900

Use the conversion 1 Cal = 4.184 kJ to find the number of kilojoules in 18.6 g of carbohydrates, to the
nearest kilojoule. 2 marks

174 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning
Sample Year and managing money
11 examination 2
Wages
Question 26 (3 marks)
Heidi recorded the cost of her two home insurance policies in the table below.
sic week of 40 hours and her hourly rate of pay is $12.50. Calculate her weekly
Insurance Base premium Fire service levy Stamp duty GST Total amount payable
Building $1392.16 $292.65 $166.77 $185.16 $2036.74
Contents $580.72 $122.23 $69.64 $77.26 A

a week
hours per What and
is the
hisvalue A? is $756. Find his hourly rate of pay.
of wage
weekly 1 mark

b Heidi was concerned about the price and contacted the insurance company. The company offered
her a 5% discount on both premiums. What total amount did she pay for the policies? 2 marks
38-hour week for an hourly rate of $15.95. Find his total weekly wage.

Question 27 (3 marks)
hop and
Theis diagram
paid $12.40 pera hour.
shows Calculate
can of beans ofSusan’s wage7.2
diameter in cm
a week
and when
heightshe
9.5 cm. A label is fixed around the can at
a distance of 4 mm from the top and 4 mm from the bottom of the can.
4 mm

9.5 cm
BEANS
rs a day and a 9-day fortnight. If his pay rate is $23.15 per hour, what is his
4 mm

7.2 cm

Find the area of the label, correct to three significant figures. 3 marks

5.90 per fortnight. If she works 35 hours per week, what is her hourly rate of
Question 28 (6 marks)
Charlie’s gross income for last financial year was $88 540. He had taxable deductions of travel expenses:
$1850, home office: $340, donations: $840 and self-education: $670.
a Calculate Charlie’s taxable income. 2 marks
1
3.50 for working 7 hours. What will he be paid for working 5 hours at the
2

b Use the table to find the amount of income tax Charlie is required to pay. 1 mark
© Pascal Press ISBN 978 1 74125 685 7

Taxable income Tax on this income


0 to $18 200 Nil
$18 201 to $37 000 19 cents for each $1 over $18 200
s on Monday, 8 hours $37
on 001
Tuesday, 7 hours on Wednesday,
to $90 000
9 hours on Thursday
$3572 plus 32.5 cents for each $1 over $37 000
day. If he is paid $18.20 per hour, what is his weekly pay?
$90 001 to $180 000 $20 797 plus 37 cents for each $1 over $90 000
$180 001 and over $54 097 plus 45 cents for each $1 over $180 000

Excel ESSENTIAL
Chapter 12—SampleSKILLS
Year 11Year 11 Mathematics Standard Revision & Exam Workbook
examinations 175
Sample Year 11 examination 2
c Use this table to calculate Charlie’s Medicare Levy. 1 mark
Taxable income Medicare Levy on this income
0 to $21 980 Nil
$21 980 to $27 475 1% for each $1 over $21 980
$27 476 and over 2% of entire amount

d Throughout the year Charlie had already paid $826 per fortnight in tax. Will Charlie receive a tax refund
or will he have money still owing to the ATO? Justify your answer with calculations. 2 marks

Question 29 (5 marks)
A restaurant summarised 50 customer complaints in the table below:
Complaint Frequency Cumulative frequency Cumulative percentage
Overpriced 22
Too noisy 16
Small portions 8
Wait time 4

a Complete the table. 2 marks


b Draw a Pareto chart for the data. 2 marks
Customer complaints

30 100
Cumulative percentage

80
Frequency

20
60

40
10
20
© Pascal Press ISBN 978 1 74125 685 7

0 0
d

isy

ns

e
im
ice

tio
no

tt
pr

or
o

i
er

Wa
lp
To
Ov

al
Sm

c Using the Pareto principle, determine which are the significant complaints. 1 mark

176 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning and managing money
Answers
Chapter Wages
1—Financial mathematics 1: Earning and managing money
Page 1 1 $837.50 2 $2802 3 $34 268 4 a $5620 b $28.10 5 a $149 512 b $21 358.86 per day, the headline is correct.
sic week
6 aof$38
40880
hours and her hourly rate of pay is $12.50. Calculate her weekly
b $747.69
Page 2 1 $500 2 $21.60 3 $606.10 4 $496 5 $1666.80 6 $26.37 7 $109 8 $655.20
Page 3 1 a $37.05 b $49.40 2 a $126 b $126 3 a $21.25 b $1253.75 4 a $624 b $842.40 5 $1800
Page 4 1 $1396 2 a $1136 b $1162.60 c $1640 3 $915.21 4 $17.50 5 a $22.02 b $352.32 c 8 hours
Page 5 1 a $6508.80 b $1139.04 c $7647.84 2 a $3740.80 b $654.64 c $4395.44 3 a $2716 b $3191.30 4 $6175.80
Page
hours per 6 and
week 1 $550 2 a $1700 b $2450 3 a $2100 b $2350 4 $9250 5 $712.50
his weekly wage is $756. Find his hourly rate of pay.
Page 7 1 $136.50 2 $1309 3 $21 888.72 4 $550 5 $378.75 6 $30 766.88
Page 8 1 $250.84 2 $697.32 3 a $7633.60 b $344.70 4 a $826.20 b $793.20
Page 9 1 $45 675 2 $43 421 3 $2032 4 a $3891 b $33 709 5 $57 176 6 $74 872
Page 10 1 a $1172.30 b nil c $10 229.63 d $23 879.47 2 a $54 997 b 30.22% 3 a $5791.43 b $2199.60
38-hourPage
week11for 1ana hourly
$1251.20 b nil c $182 d $1870 e $291 f $2073.40 2 a $13 806.25 b $1369.80
rate of $15.95. Find his total weekly wage.
3 a $23 213.20 b $1930.60 4 a $11 859.50 b $1250 c $13 109.50
Page 12 1 a $53 910 b $9067.75 c $1078.20 d $514.05 2 a $51 970 b $9476.65 c refund of $608.35
Page 13 1 a $9838.90 b 19% c $301.10 2 $947.05 3 refund of $5410.86
Pages 14–17 1 D 2 A 3 D 4 B 5 C 6 a $1327.50 b $47.25 c $126.11 7 a $1825 b $3145 c $ 29 500
d $98
hop and 8 a $92per
140 $12.40
is paid b $89Calculate
404 hour. 214 c $20 541.55
Susan’sd wage in aeweek
$1784.28 Laura when sheATO $953.83 9 $25 977 10 a $84 584 b 22.5%
owes the
11 $6392 12 a $468 b $528.96 13 a $218.88 b $50.80

Chapter 2—Financial mathematics 2: Interest and depreciation


Page 18 1 a 0.5% b 1.5% c 3% d 2% 2 a 0.75% b 0.625% 3 a 2% b 1.25% 4 a 60 months b 12 quarters
c 16 six-months d 6 four-months 5 a 16 quarters b 2.25% 6 a 10% b 10.8% c 13% d 16.79%
rs a dayPage
and 19
a 9-day
1 afortnight. If hisc $14
$720 b $3360 pay400
rated is$354
$23.15 per hour,
e $384.38 f $14what
760 gis$21
his125 h $13 530 2 a $600 b $3600
3 a 4.63 years b 4.43 years 4 a 5.56% b 16.67%
Page 20 1 a I = 80n b n 0 1 2 3 4 5 c I
400
I 0 80 160 240 320 400

300
2 a I b $800, $1200, $1600
1600 III
5.90 per fortnight. If she works 35 hours per week, cwhat 1 hourly
is her 1 rate of
1400 5 years, 3 years, 2 years. 200
3 2
1200 II
1000 100

800 I
600
0 1 2 3 4 5 n
400
1
3.50 for working
200 7 hours. What will he be paid for working 5 hours at the
2
0 1 2 3 4 5 n
© Pascal Press ISBN 978 1 74125 685 7

Page 21 1 a $1437.50 b $1125 2 a $90 248.60 b $84 115.20 3 a $90 b $1770 4 $80 776.08 5 a $785.40 b $260
6 Rachel is incorrect. Correct new price = $900 × 0.9 × 0.9 = $729, whereas Rachel’s answer = $900 × 0.8 = $720

s on Monday, 8 hours on Tuesday, 7 hours on Wednesday, 9 hours on Thursday


day. If he is paid $18.20 per hour, what is his weekly pay?

Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
Answers 187
Answers
Page 22 1 Item Cost price Selling price Profit Profit as % of cost price
Chainsaw $280 $350 $70 25%
Floor rug $420 $451.50 $31.50 7.5%
Spa $560 $672 $112 20%

Item Cost price Selling price Loss Loss as % of cost price


2 a $250 b 10.42% 3 a $54 b $162 4
5 a $11 b $9 6 $30 450 Lounge $1280 $1088 $192 15%
Dryer $440 $330 $110 25%
7 a 25 b $31.20
Television $1480 $1036 $444 30%

Page 23 1 a $15 b $9.08 c $32.10 d $19.06 e $14.07 2 $209.55 3 $50 4 $33 181.82 5 $24.17 6 $641.85

Page 24 1 a i S = 23 500 – 1200 × 4 = $18 700 ii S = 23 500 – 1200 × 10 = $11 500


1 1 12 800 − 6400 2
b Salvage value, S, is × 12 800 = $6400. Using the formula, 6400 = 12 800 – D × 4. D = = $1600 p.a.
2 4
1 38 900 − 26 100 2 1 125 000 − 98 000 2
c 26 100 = 38 900 – 1600 × n. n = = 8 years d i 98 000 = 125 000 – D × 3. D = = $9000 p.a.
1600 3
12
ii S = 125 000 – 9000 × 8 = $53 000 2 Annual depreciation = × 18 000 = $2160. S = 18 000 – 2160 × 7 = $2880
100
3 a $30 000 b The ultimate value of the vehicle after that period of time. c In 4 years the vehicle had depreciated from $30 000 to
$6000
$24 000. This is = $1500 p.a. This is a constant value (as the depreciated vehicle value is shown by a straight line).
4
3
d i $24 000 ii $16 500 e × $30 000 = $22 500. From the graph this occurs after 5 years.
4
5200 × 4 $2530.12 × 0.40
Page 25 1 a i ii $5849.29 + $233.97 b i $216.32 ii $5849.29 2 a i ii $2550.40 + $10.20
100 100
b i $2540.24 ii $2581.13 c $2512.50
Pages 26–29 1 A 2 A 3 B 4 C 5 D 6 a $946 b $770 7 a $145.60 b $2.60 8 a I = 240n
b c I
n 0 1 2 3 4 5
1200
I 0 240 480 720 960 1200
1000

9 a $19 100 b $12 880 10 a $504 b $856.80 800


11 a $728 b 20% 12 a $25.85 b 23.5% 600
13 $989 14 a 12.5% b $332.50 c $26 d $1120 400
15 a $26 675 b $34 144
200

0 1 2 3 4 5 n

Chapter 3—Financial mathematics 3: Budgeting and household expenses


Page 30 1 a $25 b $227 000 c i $473.15 ii $1486.87 iii $371 2 a $2514.69 b $2065.94 c $96.72
© Pascal Press ISBN 978 1 74125 685 7

Page 31 1 a $2.25 b $175.50 c 12.99% 2 a 93 b $45.78 c $0.11 d $559.77


Page 32 1 a $4200 b $37 800 c $45 600 d $7800 2 a $9510 b $53 890 c $5389 d $1234.98 3 a $930 and $780
b $44 640 and $46 800 4 a $2318.40 b $576 5 a $8700 b $1496.40 c $424.85
Page 33 1 a $498 b $2815 2 $40 000 3 a Victoria b $2007 c i 6.5% ii 3% d Tasmania
Page 34 1 a $564.30 b $580.80 2 a Purchased annually when the car is registered, covers injury to people in an accident
b Covers the cost of repairing any vehicle or property involved in an accident as well as a stolen vehicle c Covers the cost of repairing the
other person’s vehicle or property involved in an accident 3 a $456 b $848 4 a $840 b $600
Page 35 1 a 8.2 L/100 km b 7.5 L/100 km 2 a 38.22 L b $61.11 3 a $92.40 b $4042.50 4 a $15.10 b $840
c $15 532.50 d $112.50 5 a $3138.66 b $463.93

188 Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
matics 1: Earning and managing money
Answers
12 a Wages
Company A
sic week of 40 hours and her hourly rate of pay is $12.50. Calculate her weekly
Company B

2 4 6 8 10 12 14 16 18 20 22 24 26 28 30
b The range for company A (27) is slightly more than for company B (24). The IQR for company A (8) is smaller than for company B (15).
The median for company A (9) is less than the median for company B (11). Both distributions are positively skewed.
hours per week and his weekly wage is $756. Find his hourly rate of pay.
Chapter 12—Sample Year 11 Examinations
Pages 161–168 1 B 2 A 3 A 4 A 5 C 6 A 7 A 8 B 9 C 10 D 11 a $82.45 b 696.2 km 12 1500
13 a $1378.65 b $5132.40 14 3.125% 15 108.75 m 16 a $55 185 b $9482.13 c $1103.70
d $11 046 – ($9482.13 + $1103.70) = $460.17. Joanne gets refund. 17 a 45 b 2520 cm3 c 6480 cm3 18 $24.83 19 x = 8
20 a $3340.80 b $553 21 a 6570 L b 77.745 kL c Washing clothes d 13.6% e i 7 L ii 2.555 kL 22 a 29.71 m b 48.3 m2
38-hour23week for anb hourly
a $163.80 $14 070rate
24ofx =$15.95.
4.62 25Find
988his
m2 total
26 a weekly
07:59 wage.
9 40
b 07:00 27 a G b 28 Yes, $30 000 – $29 117.80 leaves Lennie with $882.20, 29 4 h 10 min
13 91
10 G 30 a 254.47 cm2 b 1832 m3 31 a 15 b Saturday’s distribution is symmetrical while
14 4 Sunday’s distribution is positively skewed. The median on Saturday (11) was higher than
hop and is paid $12.40 per hour. Calculate
13 B Susan’s
the wage
median on in a week
Sunday (10).when
The IQRshe
on Saturday (2) was less than the IQR on Sunday (3).
G
4 10
14 B 13
3
B
13
Pages 169–176 1 B 2 A 3 D 4 B 5 D 6 B 7 D 8 D 9 C 10 C 11 a 189.4 m b 0.052 12 a $30
rs a dayb and
Pennya is9-day fortnight.
incorrect The priceIfwill
hisbepay rate $40
less than is $23.15
as she isper hour,
taking 50%what is his
of a larger amount. 13 176.9 cm2 14 a 100, 60, 20, 0
1
b 100 c 45 m/s d 1.6 s 15 a 456 465 546 564 645 654 b 16 a $735 b $1500 17 a 360
3
80
Speed (m/s)

60

40

5.90 per fortnight.


20 If she works 35 hours per week, what is her hourly rate of

2 4 6 8 10
Time (s)

b 0.55% per month c $478 714.96 d $13 176.44 e $477 408.60 18 93.96 kg 19 a QL = 61 QU = 75 b 97 is outlier as
6 9
75 + 1.5(14) < 97 20 a 7.56 b 1.68 c 23 d 21 a k = b 7 h 22 a 5 cm b 549.78 cm3 23 a = 10 24 $428
25 14
25working
311 kJ 26 1 $849.85 b $2742.26 27 197 cm2 28 a $84 840 b $19 120 c $1696.80
3.50 for 7 ahours. What will he be paid for working 5 hours at the
2 816.80 = $659.20 Charlie receives a refund of $659.20
d $21 476 – $20 Customer complaints
29 a b
30 100
Complaint Frequency Cumulative Cumulative
© Pascal Press ISBN 978 1 74125 685 7
Cumulative percentage

frequency percentage 80
Frequency

20
Overpriced 22 22 44 60

Too noisy 16 38 76 40
10
Small portions 8 46 92
s on Monday, 8 hours on Tuesday, 7 hours on Wednesday, 9 hours on Thursday 20
Wait$18.20
day. If he is paid time per hour,4what is his weekly
50 pay? 100
0 0
d

isy

ns

c overpriced and too noisy


tim
ice

tio
no
pr

or

it
o
er

Wa
lp
To
Ov

al
Sm

Excel ESSENTIAL SKILLS Year 11 Mathematics Standard Revision & Exam Workbook
Answers 203

You might also like