Date | May 2019 | Marks available | 2 | Reference code | 19M.1.SL.TZ2.T_3 |
Level | Standard Level | Paper | Paper 1 | Time zone | Time zone 2 |
Command term | Calculate and Hence | Question number | T_3 | Adapted from | N/A |
Question
In this question, give all answers to two decimal places.
Velina travels from New York to Copenhagen with 1200 US dollars (USD). She exchanges her money to Danish kroner (DKK). The exchange rate is 1 USD = 7.0208 DKK.
At the end of her trip Velina has 3450 DKK left that she exchanges to USD. The bank charges a 5 % commission. The exchange rate is still 1 USD = 7.0208 DKK .
Calculate the amount that Velina receives in DKK.
Calculate the amount, in DKK, that will be left to exchange after commission.
Hence, calculate the amount of USD she receives.
Markscheme
* This question is from an exam for a previous syllabus, and may contain minor differences in marking or structure.
1200 × 7.0208 (M1)
Note: Award (M1) for multiplying by 7.0208.
8424.96 (DKK) (A1) (C2)
[2 marks]
0.95 × 3450 (M1)
Note: Award (M1) for multiplying 3450 by 0.95 (or equivalent).
3277.50 (DKK) (A1) (C2)
Note: The answer must be given to two decimal places unless already penalized in part (a).
[2 marks]
(M1)
Note: Follow through from part (b)(i). Award (M1) for dividing their part (b)(i) by 7.0208.
466.83 (USD) (A1)(ft) (C2)
Note: The answer must be given to two decimal places unless already penalized in parts (a) or (b)(i).
[2 marks]