Jim buys 6 trays of Cola for £9.99 a tray. *1.7 Each tray holds 24 cans of Cola. Jim goes to the school fete to sell his Cola. He sells 75 cans at 80p each. He gives 10 cans to his friends. He sells the rest at 50p each. What is Jim’s percentage profit or loss? Give your answer to 1 decimal place. (Total for Question 9 is 5 marks) Practice Paper Set B Unit 3 (Modular) Higher Calculator Q9 – – – – *1.8 Here are two schemes for investing £2500 for 2 years. Scheme A gives 4% interest each year. simple Scheme B gives 3.9% compound interest each year. Which scheme gives the most total interest over 2 years? You must show all your working. (Total for Question 13 is 4 marks) March 2013 Unit 3 (Modular) Higher Calculator Q13 – – – – 1.9 Martin bought a computer for £1200 At the end of each year the value of the computer is depreciated by 20%. After how many years will the value of the computer be £491.52? You must show your working. (Total for Question 11 is 3 marks) March 2013 – Unit 1 (Modular) – Higher – Calculator – Q11 1.10 Becky buys a new car for £20 000. The value of this car will depreciate by 15% at the end of the first year then by 10% at the end of every year after the first year. After how many years will the car have a value of less than £15 000? You must show all your working. (Total for Question 10 is 4 marks) June 2013 Unit 1 (Modular) Higher Calculator Q10 – – – – *1.11 Ella wants to invest £6000 in a savings account for 2 years. She finds information about savings accounts at two different banks.
*1.7 Jim buys 6 trays of Cola for £9.99 a tray. Each tray holds 24 cans of Cola. Jim goes to the school fete to sell his Cola. He sells 75 cans at 80p each. He gives 10 cans to his friends. He sells the rest at 50p each. What is Jim’s percentage profit or loss? Give your answer to 1 decimal place. (Total for Question 9 is 5 marks) Practice Paper Set B – Unit 3 (Modular) – Higher – Calculator – Q9 *1.8 Here are two schemes for investing £2500 for 2 years. Scheme A gives 4% simple interest each year. Scheme B gives 3.9% compound interest each year. Which scheme gives the most total interest over 2 years? You must show all your working. (Total for Question 13 is 4 marks) March 2013 – Unit 3 (Modular) – Higher – Calculator – Q13 1.9 Martin bought a computer for £1200 At the end of each year the value of the computer is depreciated by 20%. After how many years will the value of the computer be £491.52? You must show your working. (Total for Question 11 is 3 marks) March 2013 – Unit 1 (Modular) – Higher – Calculator – Q11 1.10 Becky buys a new car for £20 000. The value of this car will depreciate by 15% at the end of the first year then by 10% at the end of every year after the first year. After how many years will the car have a value of less than £15 000? You must show all your working. (Total for Question 10 is 4 marks) June 2013 – Unit 1 (Modular) – Higher – Calculator – Q10 *1.11 Ella wants to invest £6000 in a savings account for 2 years. She finds information about savings accounts at two different banks.
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