D 66 mary is 18 years old and has just purchased

(D) 66
Mary is 18 years old and has just purchased comprehensive motor vehicle insurance. The following
excesses apply to claims for at-fault motor vehicle accidents.
Using the declining balance method, what will be the salvage value of the car after 3 years, to the
nearest dollar?
9. Financial Maths, STD2 F1 2010 HSC 11 MC

RAP Data - Bottom 10%: School result (79%) was -5% below state average (84%)
Which of the following graphs shows the lowest rate of depreciation over the given time period?
10. Financial Maths, STD2 F4 2014 HSC 9 MC
A car is bought for $19 990. It will depreciate at 18% per annum.
Using the declining balance method, what will be the salvage value of the car after 3 years, to the
nearest dollar?
How much would Mary be required to pay as excess if she made a claim as the driver at fault in a car
accident?
A. $1600
B. $850 + $400
C. $850 + $1600
D. $850 + $1600 + $400

11. Financial Maths, STD2 F4 2012 HSC 16 MC

RAP Data - Bottom 24%: School result (63%) was 1% above state average (62%)
A machine was bought for $25 000.
Which graph best represents the salvage value of the machine over 10 years using the declining
balance method of depreciation?
13. Financial Maths, STD2 F1 2013 HSC 13 MC
Polly borrowed . She repaid the loan in full at the end of two years with a lump sum of
.
What annual simple interest rate was she charged?
12. Financial Maths, STD2 F1 2012 HSC 18 MC

RAP Data - Bottom 24%: School result (66%) was 1% above state average (65%)
Jo qualifies for both Rent Assistance and Youth Allowance and receives a fortnightly payment from
the government.
Rent Assistance is $119.40 per fortnight.
The maximum Youth Allowance is $402.70 per fortnight. It is reduced by 50 cents in the dollar for
any income earned over $236 per fortnight.
Jo earns $300 per fortnight from a part-time job.
What is the total payment Jo receives each fortnight from the government?
15. Financial Maths, STD2 F1 2013 HSC 9 MC
14. Financial Maths, STD2 F1 2013 HSC 3 MC

RAP Data - Bottom 9%: School result (57%) was -5% below state average (62%)
Luke's normal rate of pay is $24.80 per hour. In one week he worked 14 hours at the normal rate, 4
hours at time-and-a-half, and 3 .5 hours at double time. He was also paid a wet weather allowance
of $50 for the week.
What was his pay for the week?
(A) $583.20
(B) $620.40
(C) $669.60
(D) $719.60