O-LevelMathematicsNumber4024/12 · May/June 2019 · Q64 Marks
Daniel earns $760 each month. He pays 15% of his earnings in tax. Calculate the amount of money Daniel has each month after paying tax.
- (a)Daniel earns $760 each month. He pays 15% of his earnings in tax. Calculate the amount of money Daniel has each month after paying tax.[2]
- (b)Daniel invests $1200 in a savings account. The account pays simple interest at a rate of 2% per year. Calculate the amount of money in the account after 6 years.[2]
Mark scheme
Marking points from the official mark scheme (May/June 2019). The mark or mark type is shown in brackets.
- [2] (a) 646
- [M1] for 15/100 x 760 oe or 85/100 x 760 oe
- [2] (b) 1344
- [M1] for 1200 x 2/100 x 6 oe isw
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