A woman's basic salary for her first year with a particular company is $30000 and at the end of the year she also gets a bonus of $600.
- (a)For her first year, express her bonus as a percentage of her basic salary.[1]
- (b)Express the bonus she will be paid at the end of her 24th year as a percentage of the basic salary paid during that year.[5]
Mark scheme
Marking points from the official mark scheme (Feb/Mar 2020). The mark or mark type is shown in brackets.
- [B1] (a) 2%
- [B1] (b) Bonus = 600+23×100 = 2900
- [M1] (b) Salary = 30000×1.03²³ Allow 30000×1.03²⁴ (60984)
- [A1] (b) = 59207.60 Allow answers of 3significant figure accuracy or better
- [M1] (b) their 2900 / their 59200 SOI
- [A1] (b) 4.9(0)%
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