Money Management 4981

Transcription

1 Centre Number Candidate Number For Examiner s Use Surname Other Names Candidate Signature Examiner s Initials Free-Standing Mathematics Qualification Foundation Level June 2013 Money Management 4981 Unit 1 Friday 24 May am to am For this paper you must have: a clean copy of the Data Sheet (enclosed) a calculator a protractor a ruler. Question TOTAL Mark Time allowed 1 hour Instructions Use black ink or black ball-point pen. Pencil should only be used for drawing. Fill in the es at the top of this page. You must answer the questions in the spaces provided. around each page. Do all rough work in this book. Cross through any work that you do not want to be marked. You may not refer to the copy of the Data Sheet that was available prior to this examination. A clean copy is enclosed for your use. Information The marks for questions are shown in brackets. The maximum mark for this paper is 40. You are expected to use a calculator where appropriate. Advice In all calculations, show clearly how you work out your answer. (JUN ) 6/6/ 4981

2 2 Section A Use Account book on page 2 of the Data Sheet. 1 (a) How much was paid to the hotel on 15 December 2012? 1 (b) What transaction was recorded on 5 January 2013? (02)

3 3 1 (c) During the months of March and April, three transactions were recorded. 1 (c) (i) Payments from students totalling 645 were received on 1 March (c) (ii) Tessa paid 360 on 28 March 2013 to the local coach company, Wickham Travel, for transport to the Eurostar terminal. 1 (c) (iii) Payments from students totalling 645 were received on 1 April Complete the account book given below for these three transactions. Date Description Receipt Debit Balance Payments from students Deposit to hotel in Paris Payments from students Payments from students Deposit to Eurostar Turn over for the next question Turn over s (03)

4 4 Section B Use Jo s Bakery on page 3 of the Data Sheet. 2 (a) Alex bought a pack of bread rolls in the sale. The usual price was How much did Alex pay? 2 (b) A cupcake costs 1.20 before the sale. Alice bought four cupcakes in the sale. How much did Alice pay for the four cupcakes? 2 (c) Paul buys a large loaf which costs 74 p in the sale. What percentage discount is he given? 9 (04)

5 5 3 At the start of the day, the bakery had 300 cupcakes in stock. During the morning, the bakery sold 270 cupcakes: 3 (a) What fraction of the 300 cupcakes had been sold? Give your fraction in its simplest form. 3 (b) Give your answer to part (a) as a percentage. 3 4 (a) Ruth spent on a birthday cake. She paid with two 20 notes. How much change did Ruth receive? 4 (b) The shop assistant gave Ruth her change using the smallest possible number of notes and coins. What notes and coins did he give Ruth? Answer notes... Answer coins... 4 Turn over s (05)

6 6 Section C Use Kit Kat on page 4 of the Data Sheet. 5 (a) Complete the table below giving the cost per Kit Kat to one decimal place. Pack size Number of Kit Kats Small 9 Standard 16 Large 24 Special offer 27 Cost (pence) Cost per Kit Kat (pence) Space for working (5 marks) 5 (b) Which of the four pack sizes gives the best value for money? 5 (c) Why would a person not necessarily buy this number of Kit Kats? 7 (06)

7 7 Section D Use Bank accounts on page 4 of the Data Sheet. 6 Aaron invests 3600 in the Foundation Saver account for 12 months. It earns compound interest at the rate of 0.97 % paid every 4 months. Interest is rounded to the nearest penny. 6 (a) Complete the table below. Starting value Interest Final value First 4 months Second 4 months Third 4 months Space for working (4 marks) 6 (b) Calculate the total interest which Aaron receives as a percentage of the 3600 invested. Turn over for the next question 6 Turn over s (07)

8 8 Section E Use Ferry to Calais on page 4 of the Data Sheet. 7 Nina needs to arrive in Calais by 2 pm (French time). 7 (a) (i) What is the departure time of the latest ferry from Dover that Nina should catch? 7 (a) (ii) Calculate the length of time that this journey from Dover to Calais will take. Give your answer in minutes. 7 (b) Nina buys a meal in Calais. The cost of the meal is a 54. The exchange rate is a 1.13 to 1. Calculate the cost of this meal in pounds. END OF QUESTIONS 6 Copyright ª 2013 AQA and its licensors. All rights reserved. (08)