P ROJECT B USINESS M ATH Sarah Marcial 10 B Mr. Rehal

Q UESTION 1 My wage is $70,000 p.a. I am in section 3: Tax Subdivision $35,001 – 80,000 % tax payable $4,350 plus 30c for each $1 over 35, – = × 0.30 = = $14,850

Q UESTION 2 Calculating my wage for my monthly take home wage ÷ 12 = $

Q UESTION 3 I purchased a motor bike for $5000 and sold it for $4000. Did I make a profit or a loss? How much profit or loss did I make in a percentage? Profit or loss: 5000 – 4000 = $1000 loss Percentage: = 20% loss × 100

Q UESTION 4 Assume that 8% of my annual income is $4000, what is my actual annual income? = × 4000 = $50000 My actual annual income is $50,000

Q UESTION = $13,190 per annum = $ per month = $659.5 (5% interest p.a) This house costs $329,750 × 13190

Q UESTION 6 Purchase a car on hire purchase without a deposit. For convenience make monthly repayments for 3 years at 8% rate of interest p.a at simple interest. What would be the monthly repayment? Monthly payment = $ × 12 = $ p.a × 3 = $ (for 3 years) = $ (8% interest rate) ×

Q UESTION 7 Part A: = $425 Part B: i = 8500(1 + ) = $15, Part C: $425x12=$5100 $8500+$5100=$13600 is the total money for the whole year.?? (what cousin said) ×