| Date | May 2012 | Marks available | 2 | Reference code | 12M.1.sl.TZ2.9 |
| Level | SL only | Paper | 1 | Time zone | TZ2 |
| Command term | Calculate | Question number | 9 | Adapted from | N/A |
Question
In this question give all answers correct to two decimal places.
Chiara is an Italian tourist visiting Sweden. The exchange rate for changing euros (€) into Swedish Krona (SEK) is 1€ = 10.275 SEK. She converts 350 euros into Swedish Krona at a bank which charges 2 % commission.
Calculate the amount of commission charged in SEK.
Write down the amount of money she receives from the bank after commission.
Chiara returns to Italy with 296 SEK. She changes this money back into euros at a bank and receives 32€. The bank does not charge commission.
Calculate the value in SEK of 1€.
Markscheme
350 × 10.275 × 0.02 (M1)(M1)
Note: Award (M1) for ×10.275, (M1) for ×0.02.
71.93 (SEK) (A1) (C3)
[3 marks]
3524.33(SEK) (A1)(ft) (C1)
Note: Accept 3524.32. Follow through from their answer to part (a).
[1 mark]
\(\frac{{296}}{{32}}\) (M1)
9.25 (A1) (C2)
[2 marks]
Examiners report
A common error in Question 9 was finding the amount of money received for part (a) rather than just the commission. Some candidates had difficulties giving the appropriate number of decimal places.
A common error in Question 9 was finding the amount of money received for part (a) rather than just the commission. Some candidates had difficulties giving the appropriate number of decimal places.
A common error in Question 9 was finding the amount of money received for part (a) rather than just the commission. Some candidates had difficulties giving the appropriate number of decimal places.
