| Date | May 2009 | Marks available | 2 | Reference code | 09M.1.sl.TZ2.12 |
| Level | SL only | Paper | 1 | Time zone | TZ2 |
| Command term | How many | Question number | 12 | Adapted from | N/A |
Question
The following table gives the exchange rate from US dollars to euros and from US dollars to Japanese Yen. Give all answers in this question correct to two decimal places.
Enrico has 475 USD.
How many euros is this worth?
Enrico has 475 USD.
Enrico goes to a bank to exchange his dollars. The bank charges 3 % commission.
How many euros does Enrico receive?
Find the exchange rate from euros to yen.
Markscheme
Note: Financial penalty (FP) applies in this part
(FP) \(475 \times 0.6337 = 301.01\) (M1)(A1)
Note: Award (M1) for multiplication by 0.6337.
[2 marks]
Note: Financial penalty (FP) applies in this part\(\frac{3}{{100}} \times 301.01 = 9.03\) (M1)
Note: Award (M1) for multiplication by 3/100.
(FP) \(301.01 - 9.03 = 291.98\) (A1)(ft)
OR
\(0.97 \times 301.01\) (M1)
(FP) \(= 291.98\) (A1)(ft) (C4)
[2 marks]
Note: Financial penalty (FP) applies in this part
(FP) \(\frac{{{\rm{99}}{\rm{.7469}}}}{{{\rm{0}}{\rm{.6337}}}}{\rm{ = 157}}{\rm{.40}}\) (M1)(A1) (C2)
Notes: Award (M1) for dividing by 0.6337.
[2 marks]
Examiners report
This question was well answered by many candidates, particularly part (a), however a significant number lost the financial penalty mark for not giving an answer correct to two decimal places, as stated in the question.
This question was well answered by many candidates, particularly part (a), however a significant number lost the financial penalty mark for not giving an answer correct to two decimal places, as stated in the question.
This question was well answered by many candidates, particularly part (a), however a significant number lost the financial penalty mark for not giving an answer correct to two decimal places, as stated in the question.
