Sophie earns a monthly salary of $6875. She gives 15% of this amount to her parents. She puts 35% of the remainder into a savings account. Calculate the amount she has left after giving to her parents and putting into her savings account. Leave your answer correct to the nearest dollar. Answer $ ... The cash price of a sofa is $830. Sophie buys this sofa on credit. She pays a deposit of one quarter of the cash price. She then pays 3 monthly payments of $260. Calculate the total amount Sophie pays for the sofa. Answer $ ... Sophie pays a monthly rent of $3174.20. This is 18% more than her monthly rent last year. Calculate her monthly rent last year. Answer $ ... During her vacation, Sophie visits her friend in Wellington. Sophie spends NZD 940 in New Zealand using her credit card. She is charged a 2.6% fee for the currency conversion. The exchange rate between Singapore dollars (SGD) and New Zealand dollars (NZD) is SGD 100 = NZD 120.7206. Calculate the total amount on Sophie's credit card bill, including the fee. Give your answer in Singapore dollars, correct to the nearest cent. Answer SGD ...

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Worked solution

4(a)

1. Find the amount remaining after Sophie gives 15% of her salary to her parents.

Amount remaining after giving 15%:
6875×85%=6875×0.85=5843.756875 \times 85\% = 6875 \times 0.85 = 5843.75

2. Find the amount left after putting 35% of the remainder into savings.

She keeps 100%−35%=65%100\% - 35\% = 65\% of the remainder.
5843.75×65%=5843.75×0.65=3798.43755843.75 \times 65\% = 5843.75 \times 0.65 = 3798.4375

3. Round the final amount to the nearest dollar.

3798.4375≈37983798.4375 \approx 3798
So the amount left is $3798 to the nearest dollar.

Answer

$3798

4(b)

1. Calculate the deposit paid.

Deposit =14×830=207.50= \dfrac{1}{4} \times 830 = 207.50

2. Add the deposit and the 3 monthly payments.

Total paid =207.50+3×260= 207.50 + 3 \times 260

=207.50+780= 207.50 + 780

=987.50= 987.50

Answer

$987.50

4(c)

1. Express the current rent as a percentage multiplier of last year's rent.

Since the current rent is 18%18\% more than last year's rent,
100%+18%=118%100\%+18\%=118\%
So $3174.20 is 118%118\% of last year's rent.

2. Divide by the multiplier to find last year's monthly rent.

Last year's rent
=3174.20÷1.18=3174.20\div 1.18
=2690=2690

Answer

$2690

4(d)

1. Convert NZD 940 to Singapore dollars using the exchange rate.

Since SGD 100100 = NZD 120.7206120.7206,

SGD amount=940×100120.7206\text{SGD amount}=940\times \frac{100}{120.7206}

=778.657…=778.657\ldots

2. Include the 2.6% currency conversion fee.

A 2.6%2.6\% fee means the total is 102.6%102.6\% of the converted amount.

Total bill=778.657…×1.026\text{Total bill}=778.657\ldots \times 1.026

=798.902…=798.902\ldots

3. Round the total amount to the nearest cent.

798.902…≈798.90798.902\ldots \approx 798.90

So the total amount on the credit card bill is SGD 798.90798.90.

Answer

SGD 798.90798.90

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