Date | May 2017 | Marks available | 3 | Reference code | 17M.1.SL.TZ2.T_8 |
Level | Standard Level | Paper | Paper 1 | Time zone | Time zone 2 |
Command term | Find | Question number | T_8 | Adapted from | N/A |
Question
Claudia travels from Buenos Aires to Barcelona. She exchanges 8000 Argentine Pesos (ARS) into Euros (EUR).
The exchange rate is 1 ARS = 0.09819 EUR. The bank charges a 2% commission on the exchange.
When Claudia returns to Buenos Aires she has 85 EUR left and exchanges this money back into ARS. The exchange rate is 1 ARS = 0.08753 EUR. The bank charges % commission. The commission charged on this exchange is 14.57 ARS.
Find the amount of Euros that Claudia receives. Give your answer correct to two decimal places.
Find the value of .
Markscheme
* This question is from an exam for a previous syllabus, and may contain minor differences in marking or structure.
(M1)(M1)
Note: Award (M1) for multiplying 8000 by 0.09819, (M1) for multiplying by 0.98 (or equivalent).
769.81 (EUR) (A1) (C3)
[3 marks]
(M1)(M1)
Note: Award (M1) for dividing 85 by 0.08753, and (M1) for multiplying their by and equating to 14.57.
OR
(M1)
Note: Award (M1) for dividing 85 by 0.08753.
OR (M1)
Note: Award (M1) for dividing 14.57 by 9.71095… or equivalent.
(A1) (C3)
[3 marks]