Mathematical literacy - Monyetla Project...Bright Ideas Mathematical literacy Revision booklet 1.4) 803kW X R0,219 = R175,857 R175,857 x 14% = R24,61998 R 175,857 + R24,61998 = R200,47698

Bright Ideas Mathematical literacy Revision booklet

Mathematical literacyBright ideas Revision booklet


Finance


Key topic - Finance


1.1) 115 353 - 114 628 = 725 kW


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


1.1) 725 kW

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


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

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


1.5.1 Value added tax.


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

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


12163222

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


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


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


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

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




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

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



Avis car hire80km x R6,50= R520

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

Budget would be cheaperR520 - R 445= R 75


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


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


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

From 3.1 annual salary= R 118 287,60

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


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


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

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


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

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


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

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


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


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


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

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


7.1.1) R6381 x 240 = R 1 531 440

20 years x 12 months a year = 240 months


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


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

Documents

Mathematical literacy - Monyetla Project...Bright Ideas Mathematical literacy Revision booklet 1.4) 803kW X R0,219 = R175,857 R175,857 x 14% = R24,61998 R 175,857 + R24,61998 = R200,47698