HSC GENERAL MATHEMATICS ASSESSMENT TASK 1 MEASUREMENT & FINANCIAL MATHEMATICS

SECTION A: Multiple Choice

1). Slavisa is a nurse with a gross annual income of $45 675. He has earned $136.50 in interest from his bank accounts and has allowable deductions of $680. Slavisa s taxable income is: (A) $44 858.50 (B) $45 131.50 (C) $46 218.50 (D) $46 491.50 2). A cube has a side length of 4cm. I: The surface area of the cube is 64cm2 II: The volume of the cube is 96cm3 Which of the above statements is correct? (A) I only (B) II only (C) Both I and II (D) Neither I nor II 3). The simple interest paid on $5600 at 5.6% for 3 years is: (A) $940.80 (B) $994.46 (C) $6540.80 (D) $6594.47 4). The compound interest paid on $5600 at 5.6% for 3 years with interest compounded annually is: (A) $940.80 (B) $994.46 (C) $6540.80 (D) $6594.47 5). In 2002, a basket of groceries costs $67.50. If the inflation rate is predicted to be 2.9% for the next year, by how much can we expect the cost of the basket of groceries to rise? (A) $1.95 (B) $1.96 (C) $69.45 (D) $69.46

6). A share is valued at $23.40. Greg buys 4000 shares and, at the end of the financial year, Greg receives a dividend of $4212. The dividend yield on Greg s investment is: (A) 0.55% (B) 1.053% (C) 4.5% (D) 5.3% 7). Bradley receives a bill for 489.50 for car repairs, which includes GST. The cost of the repairs without the tax was: (Hint: 10% GST) (A) $440.55 (B) $445.00 (C) $489.50 (D) $538.45 8). Which of the solids below is not a prism?

9). A prism and a pyramid both have a rectangular base of area 50cm2 and have equal volumes. The height of the prism is 5cm. The height of the pyramid is: (A) 5cm (B) 10cm (C) 15cm (D) 20cm

SECTION B: MEASUREMENT
Question 1: Find the surface area of the following:

Question 2: Find the volume of the following:

Question 3: Find the volume of the following:

Question 4: Calculate the volume of a sphere with a diameter of 2.3cm. Answer correct to 2 decimal places.

SECTION C: FINANCIAL MATHEMATICS

Question 1: Find the simple interest paid on an investment of $5750 at 4.6% p.a for 2 years. Question 2: a) Noel is to invest $12000 at 8% p.a for 2 years with interest compounded annually. Calculate the future value of the investment. b) Noel is to invest $12000 at 8% p.a for 2 years with interest compounded quarterly. Calculate the future value of the investment. Question 3: A company has an after tax profit of $34.2 million. There are 90 million shares in the company. What dividend will the company declare if all profits are distributed to the shareholders? Question 4: A company with a share price of $5.42 declares a dividend of 25c. Calculate the dividend yield, correct to 2 decimal places. Question 5: The cost of a television set is $800. If the average inflation rate is 4%, estimate the cost in 5 years. Question 6: Bob is a builder. At the end of the 2000 ! 2001 financial year, Bob s building equipment was valued at $12 350. If Bob is allowed a tax deduction of 25% for depreciation of his equipment, calculate the deduction.

Question 7: Fernando earns a gross salary of $45 900 per year. His tax deductions total $2145.70. Calculate Fernando s taxable income. Question 8: A cricket bat has a pre-GST price of $125.50. Calculate the GST payable. (GST is 10%). Question 9: Trevor earns a gross wage of $772.70 per week. Calculate the amount of PAYE tax that is deducted by his employer. Income $1 to $6000 $6001 to $20 000 $20 001 to $50 000 $50 001 to $60 000 In excess of $60 000 Tax payable $0 $0 plus 17c for each $1 over $6000 $2380 plus 30c for each $1 over $20 000 $11 380 plus 42c for each $1 over $50 000 $15 580 plus 47c for each $1 over $60 000

End of Assessment Task