// Numbas version: exam_results_page_options {"name": "WP Math 11 Exam (was called Midterm but has the wrong units)", "metadata": {"description": "", "licence": "None specified"}, "duration": 0, "percentPass": "0", "showQuestionGroupNames": false, "shuffleQuestionGroups": false, "showstudentname": true, "question_groups": [{"name": "NOT Unit 6 - Financial Literacy - Interest, Credit & Loans", "pickingStrategy": "all-ordered", "pickQuestions": 1, "questionNames": ["Financial Literacy - Savings NOT it's trig", "Financial Literacy - Interest NOT it's volume", "Financial Literacy - Credit NOT it's volume"], "variable_overrides": [[], [], []], "questions": [{"name": "Slope of a Hill", "extensions": [], "custom_part_types": [], "resources": [], "navigation": {"allowregen": true, "showfrontpage": false, "preventleave": false, "typeendtoleave": false}, "contributors": [{"name": "Payton Murdoch", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/15266/"}], "tags": [], "metadata": {"description": "", "licence": "None specified"}, "statement": "

Reminder: Slope is used to describe the rate at which a distance rises or falls (vertical) over the distance it runs (horizontal). Solve the following slope related question.

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A hill has a slope of $\\frac{\\var{rise}}{\\var{run}}$ and rises a distance of {meters} m. Given the available information, determine the hill's horizontal distance.

Answer: [[0]]

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Solve the following cylindrical related questions.

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Determine the volume of a cylinder with a height of {h_1} cm and a diameter of {d_1} cm.

Answer: [[0]] $cm^2$.

A garbage can has a capacity of {fill} litres and a diameter of {d_2} cm. Determine the height of the garbage can.

Answer: [[0]].

Solve the following volume questions.

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Calculate the Volume of the following rectangular prism with the dimensions Height: {h_1}cm, Length: {l_1}cm and Width: {w_1}cm Round your answer to two decimal places.

Answer: [[0]].

Calculate the Volume of the following prism with the dimensions Height: {h_2}m, Length: {l_2}m and Base: {w_2}m Round your answer to two decimal places.

Answer: [[0]]$m^3$.

Phil installs floors in Nanaimo. For his upcoming job, underlay costs \\${underlay_cost}. The hardwood costs \\${hardwood_cost}. Phil saves {percent}% if he uses his company credit card to purchase materials.

How much will Phil save if he uses his company credit card?

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How much will he save on the underlay? [[0]]

How much will he save on the hardwood? [[0]]

How much will he save in total? [[0]]

Solve the following questions using the following Formulae:

\n\n\n\n\n\n\n\n

$A = P(1+r)^t$

$I = A - P$

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Sue is a professional photographer with a line of credit. Interest is {interest}% compounded daily. Sue plans to borrow \\${loan} to purchase equipment for an upcoming event. She will pay the balance in {day} days. How much interest will Sue owe?

[[0]]

Devon is an audio engineer in Kelowna. She has a credit card with a limit of \\${limit} and interest of {interest_2}%/year, compounded daily. She used all of her credit to purchase new equipment. Devon paid the balance {day_2} days past the grace period.

How much interest did Devon pay?

[[0]]

Lennie is a cook. They want to take a \\$500 course on pastry techniques. Lennie needs to pay upon enrollment. Consider the following:

Lennie wants to pay for the course by February 3rd
Lennie is paid on the 24th of every month
Today is January 29th. Their credit card issues a statement on the 2nd of each month and allows a 22-day grace period to pay the balance without interest.

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Lennie decides to pay with their credit card today. What would be the latest date they could pay off their credit card without having to pay interest?

[[0]]

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Suppose Lennie pays for the course on February 2nd. When would be the final day that they could pay the balance without interest?

[[0]]

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Tim is a contractor in North Vancouver. He buys around \\${money} dollars worth of gas each year. Tim is looking into getting a credit card to reduce this cost. The card he is looking at offers a refund of {percent}% of all the gas Tim buys. The card has an annual fee of \\${fee} dollars.

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How much would Tim save on gas each year if he exclusively used this credit card for gas purchases?

[[0]]

Is it worth it for Tim to get this credit card given its annual fee?

[[0]]

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Solve the following banking & investing questions.

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If a bank account has an \\${dollars} monthly fee, how much will it cost to keep the account for one year?

[[0]]

Jayne’s bank account allows {transaction} free transactions per month and charges \\${cents} for each additional transaction. How much would it cost Jayne to make {monthly} transactions in one month?

[[0]]

Greg’s credit union offers an investment option with a simple interest rate of {percent}% per annum. If Greg invests \\${investing}, how much interest will he earn after {years} years?

[[0]]

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