Mathematics (Syllabus D) 4024/22 — October/November 2018

Kamal earned a total of $32 500 in 2017.
He paid 9% of this amount into his pension.
He paid 22% tax on the remainder of his earnings.

Calculate the amount left after paying his pension and his tax.

$ ______

Kamal invested $1200 in a savings account paying 1.8% per year compound interest.
He left the money in the account for 5 years.

Calculate the amount of money in the account at the end of 5 years.
Give your answer correct to the nearest cent.

$ ______

Kamal also invested some money in a different savings account for 5 years.
This account paid 2.1% per year simple interest.
At the end of 5 years there was $828.75 in the account.

Calculate the amount of money he invested in this account.

$ ______

The exchange rate between dollars ($) and pounds (£) is $1 = £0.72.
The exchange rate between dollars ($) and euros (€) is $1 = €1.10.

Kamal has $275.
He changes part of the $275 into pounds and receives £79.20.
He changes the remaining dollars into euros.

Calculate the amount of money he receives in euros.

€ ______