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%:
2. Find the amount left after putting 35% of the remainder into savings.
She keeps of the remainder.
3. Round the final amount to the nearest dollar.
So the amount left is $3798 to the nearest dollar.
$3798
4(b)
1. Calculate the deposit paid.
Deposit
2. Add the deposit and the 3 monthly payments.
Total paid
$987.50
4(c)
1. Express the current rent as a percentage multiplier of last year's rent.
Since the current rent is more than last year's rent,
So $3174.20 is of last year's rent.
2. Divide by the multiplier to find last year's monthly rent.
Last year's rent
$2690
4(d)
1. Convert NZD 940 to Singapore dollars using the exchange rate.
Since SGD = NZD ,
2. Include the 2.6% currency conversion fee.
A fee means the total is of the converted amount.
3. Round the total amount to the nearest cent.
So the total amount on the credit card bill is SGD .
SGD
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