MATHEMATICAL LITERACY GRADE 12 LEARNER’S NOTES SSIP MATERIAL 2019 ...

[Pages:22]MATHEMATICAL LITERACY GRADE 12 LEARNER'S NOTES

SSIP MATERIAL 2019

SECONDARY SCHOOLS IMPROVEMENT

PROGRAMME (SSIP) 2019

GRADE 12 SUBJECT: MATHEMATICAL LITERACY

LEARNER NOTES

TABLE OF CONTENTS

SESSION NO

TOPIC

1

BANK STATEMENTS AND TARIFFS

2

MUNICIPAL BILL

3

TARIFF SYSTEMS

4

DATA HANDLING

5

INTERPRETATION OF DATA

PAGE 2 ? 5 6 ? 7 8 ? 11 12 ? 15 16 ? 22

Page 1 of 22

MATHEMATICAL LITERACY GRADE 12 LEARNER'S NOTES

SSIP MATERIAL 2019

SESSION 1

TOPIC: FINANCE

SECTION: FINANCIAL DOCUMENTS

CONTEXT: BANK STATEMENT AND TARIFFS

TERMINOLOGY: VAT, PERCENTAGES

BASIC SKILLS: BASIC MATHEMATICAL CALCULATIONS, PERCENTAGE CALCULATIONS

QUESTION 1

Mr Jacob does his banking with First National Bank. The statement below (TABLE 3) was sent to Mr Jacob at the end of November. An extract of banking fees for his Smart Account is given as TABLE 1 and TABLE 2 is the bank charges for Bates Bank.

1.1 How many days does this statement cover?

(2)

1.2 How many statements did Mr Jacob receive for this account?

(2)

1.3 What is the monthly account fee payable on this account?

(2)

1.4 What is the monthly deposit fee for October?

(2)

1.5 Calculate the bank charges for the month of October.

(2)

1.6 If Mr Jacob had to make a deposit of R3 545. Calculate the deposit fee for this

amount.

(3)

1.7 How much money was deposited by Mr Jacob into this account for the time

period of this statement?

(2)

1.8 Show by calculations how R11,25 VAT was calculated.

(2)

1.9 In December Mr Jacob made the following transactions. 2 cash withdrawal of R600 at a FNB ATM 1 deposit of R900 at the FNB ATM 1 deposit of R2500 in the bank

Calculate the total service fee for these transactions. (7)

Page 2 of 22

MATHEMATICAL LITERACY GRADE 12 LEARNER'S NOTES

SSIP MATERIAL 2019

1.10 Mr Jacob wants to make a withdrawal of R1200. He has the option to withdraw

this amount from a FNB ATM or use another bank's ATM. Show with

calculations which will be a cheaper option with regards to service fees.

(5)

1.11 Given a reason why it may not be suitable to use this account as a savings

account

(2)

1.12 Give a reason why it costs more to make a deposit in the bank as compared to

using the FNB ATM.

(2)

1.13 The client used his cash withdrawal amounts to pay for his weekly expenses

for airtime, petrol, meals and purchasing groceries.

Suggest TWO cost effective ways that he could use to save on cash

withdrawal fees.

(4)

1.14 Jacob states that if he had a Bates Bank PLUS savings account, then his

bank fees will be less than his present bank. Use TABLE 2, the bank charges

for Bates Bank and verify with calculations whether Jacobs statement is

correct.

(8)

Page 3 of 22

(TABLE 1)

MATHEMATICAL LITERACY GRADE 12 LEARNER'S NOTES

SSIP MATERIAL 2019

Extract of Banking Fees for SMART ACCOUNT

Pay-As-You-Use Pricing Option Monthly Account Fee Cash Withdrawals Cash@Till FNB Slimline FNB ATM Other Banks' ATM FNB Branch/Cheque Deposits Cash Deposit at FNB ATM Cash Deposit at FNB Branch Cheque deposit at FNB branch and ATM Card purchases/payments

R12,50

FREE R5,00 R3,95 + R1,30 per R100 R6,50 + FNB ATM fee R50,00 + R1,65 per R100

R0,70 per R100 (minimum R5,50) R1,65 per R100 (minimum R5,50) R22,50 FREE

TABLE 2

Extract of banking fees for Bates PLUS account

Pay-As-You-Use Pricing Option Monthly Account Fee Cash Withdrawals Point of sale (Cash withdrawa)l Bates Bank ATM

Branch Other Banks' ATM

Deposits Cash Deposit at ATM Cash Deposit at Branch Cheque deposit at branch Cheque deposit at ATM Card purchases/payments

R 11,80

FREE 0 ? R1000: R6,80 Above R1000 : R4,00 + 1,20% R33,00 + 1,40% 0 ? R1000 : R6,80 +R6,70 above R1000 : R4,00 + R6,70+ 1,20%

R 4,50 R31,50 R31,50 R31,50 FREE

Page 4 of 22

TABLE 3

MATHEMATICAL LITERACY GRADE 12 LEARNER'S NOTES

SSIP MATERIAL 2019

Mr Andy Jacob 56 Stable Road Uppertown 1856

SMART ACCOUNT : 397465859939

Copy Tax Invoice/Statement Number : 13

29 August 2015 to 28 November 2015

Statement Date : 28 November 2015

Bank Charges

Statement Balances

Interest Rates

Bank charges

R91,60 Opening Balance

R5 254,69 Cr Credit interest rate 0,00%

Subscription Fees R0,00 Closing Balance

R2 141,98 Cr

Account Transactions Date Description

Amount

Balance

Bank Chages

Opening Balance

5 254,69 Cr

02 Sep 04 Sep 12 Sep 17 Sep 29 Sep 29 Sep 05 Oct 07 Oct 12 Oct 16 Oct 17 Oct 20 Oct 28 Oct 29 Oct 29 Oct 29 Oct 29 Oct 29 Oct 30 Oct 31 Oct 31 Oct 11 Nov 13 Nov 13 Nov 18 Nov 18 Nov 25 Nov 28 Nov 28 Nov 28 Nov

ATM Cash Debit card POS Purchase Debit card POS Purchase Debit card POS Purchase #Monthly account fee #Service fees Debit card POS Purchase ADT Cash deposit Debit card POS Purchase Debit card POS Purchase ATM cash ATM cash ADT Cash deposit Debit card POS Purchase Debit card POS Purchase #Monthly account fee #Service fees #Cash deposit fee Debit card POS Purchase Debit card POS Purchase Debit card POS Purchase Debit card POS Purchase Debit card POS Purchase Debit card POS Purchase ATM cash Debit card POS Purchase ADT Cash deposit #Monthly account fee #Service fees #Cash deposit fee Closing Balance

Eldorado Johnson

Vodacom Trading

Gift shop TD mall Spar PnP Bokville

Eldorado Southgate

CNA Spar

Woolies Edgars Miladys Checkers Hyper CD C gardens Shell Mr Price Southgate

100,00 120,00 1004,00 2840,00

12,50 5,25

477,25 800,00 Cr

105,00 305,00 200,00 200,00 2000,00 Cr

37,50 140,00

12,50 13,10 19,60 169,32 126,22 155,94 130,00 40,90 60,00 400,00 209,98 1000,00 Cr 12,50

9,15 7,00

5154,69 Cr

5,25

5034,69 Cr

4030,69 Cr

1190,69 Cr

1178,19 Cr

1172,94 Cr

695,69 Cr

1495,69 Cr

5,60

1390,69 Cr

1085,69 Cr

885,69 Cr

6,55

685,69 Cr

6,55

2685,69 Cr 14,00

2648,19 Cr

2508,19 Cr

2495,69 Cr

2482,59 Cr

2462,99 Cr

2293,67 Cr

2167,45 Cr

2011,51 Cr

1881,51 Cr

1840,61 Cr

1780,61 Cr

1380,61 Cr

9,15

1170,63 Cr

2170,63 Cr

7,00

2158,13 Cr

2148,98 Cr

2141,98 Cr

2 141,98 Cr

#Inclusive of VAT @ 14% Total Vat included on this statement = R 11,25 Dr

Page 5 of 22

SESSION 2

MATHEMATICAL LITERACY GRADE 12 LEARNER'S NOTES

SSIP MATERIAL 2019

TOPIC: FINANCE SECTION: FINANCIAL DOCUMENTS CONTEXT: MUNICIPAL WATER AND ELECTRICITY BILL. TERMINOLOGY: UTILITY BILL, AMOUNT, SERVICE(S) AND ACCOUNT BASIC SKILLS: ADDITION, PERCENTAGES, INTERPRETING, VAT AND CONVERSION

QUESTION 1

A City of Tampa Utility bill includes charges for water, wastewater and solid waste services. Some City of Tampa customers may not receive all three of these services. Please consult your bill to determine which explanations apply to your account.

City of Tampa Utility Bill

See more at:

Page 6 of 22

MATHEMATICAL LITERACY GRADE 12 LEARNER'S NOTES

SSIP MATERIAL 2019

1.1

What amount was the previous bill?

(2)

1.2

Is solid waste-Residential charged, a fixed or variable cost?

(2)

1.3

Calculate the missing value of A.

(3)

1.4

And hence the value of B.

(2)

1.5

If the total amount payable is $106, 65. How much will John Doe pay in S.A currency if

(2)

1$=R15, 75?

1.6

Calculate the total amount payable in two years' time if it is invested and it

(4)

Is compounded annually at the rate of 9, 25% p.a?

1.7

A sewer water usage is calculates at 80% of the water consumption, If Thembi used

(6)

16Kl of water. Calculate how much in rands she will pay for her sewer charge, if rate is

charged at 0, 19 per kilolitre ($)?

Page 7 of 22

MATHEMATICAL LITERACY GRADE 12 LEARNER'S NOTES

SSIP MATERIAL 2019

SESSION 3 TOPIC : FINANCE SECTION: TARIFF SYSTEMS CONTEXT: PLANNING A TRIP Terminology: VAT, Break-even point, Rental, Budget, costs, quotation,

Teachers notes; Basic skills required;

- Conversions (cents to rands, minutes to hours, - Calculation of time

QUESTION 1 Mr Mthembu from Pretoria plans to take his family of five members, for the Easter holiday trip to Cape Town of their youngest daughter who was born on the 26th of March 2015. to celebrate the birthday. He wants to hire Toyota Avanza for the trip and requested two quotations from two car rental companies;company X and Y. He intends to collect the car on Thursday, 24 March 2016 and return it on the Monday, 28 March 2016. Mr Mthembu plans to travel via Bloemfontein for the trip, the distance between Pretoria to Cape Town via Bloemfontein is 1460km.

Engine capacity: 1.5l Fuel Consumption:

6.3l/100km

RATE CODE

COMPANY X

Included Total Kilometres For 800 km

Rental

Cost per Additional kilometre R3.59(Incl. VAT) per km

Additional Charges

Contract Fee

Included in the Rental Amount

Additional Driver

R310.00 (Incl. VAT)

Baby seat

R350.00 (Incl. VAT)

Total (additional charges) VAT R660.00 (Incl. VAT)

inclusive

Rental amount for 4 days

R2 230 (Incl. VAT)

Total Amount (Including R2 890.00 (Incl. VAT)

additional charges)

COMPANY Y 800km

R3.29(Incl. VAT) per km

R63.15 (excl. VAT)

R241.23 (excl VAT) R271.93 (excl VAT) A

R2 556.00 (incl. VAT) B

Page 8 of 22

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