| Date | November 2016 | Marks available | 4 | Reference code | 16N.1.sl.TZ0.4 |
| Level | SL only | Paper | 1 | Time zone | TZ0 |
| Command term | Calculate | Question number | 4 | Adapted from | N/A |
Question
In this question give all answers correct to two decimal places.
Javier takes 5000 US dollars (USD) on a business trip to Venezuela. He exchanges 3000 USD into Venezuelan bolívars (VEF).
The exchange rate is 1 USD \( = \) 6.3021 VEF.
During his time in Venezuela, Javier spends 1250 USD and 12 000 VEF. On his return home, Javier exchanges his remaining VEF into USD.
The exchange rate is 1 USD \( = \) 8.7268 VEF.
Calculate the amount of VEF that Javier receives.
Calculate the total amount, in USD, that Javier has remaining from his 5000 USD after his trip to Venezuela.
Markscheme
The first answer not given correct to two decimal places is not awarded the final (A1).
Incorrect rounding is not penalized thereafter.
\(3000 \times 6.3021\) (M1)
Note: Award (M1) for multiplying 3000 by 6.3021.
\( = 18906.30\) (A1) (C2)
[2 marks]
\(\frac{{18906.30 - 12000}}{{8.7268}}{\text{ + }}(2000 - 1250)\) (M1)(M1)(M1)
Note: Award (M1) for subtracting 12 000 from their answer to part (a) OR for 6906.30 seen, (M1) for dividing their amount by 8.7268 (can be implied if 791.389… seen) and (M1) for \(2000 - 1250\) OR 750 seen.
\( = 1541.39\) (A1)(ft) (C4)
Note: Follow through from part (a).
[4 marks]
