QUESTION 2 Mr Mofokeng TV is a factory worker who enjoys doing woodwork. He makes wooden toys and furniture to sell once a month at a craft market where he rents a stall. 2.1 Use the list of income and expenses below to draw up a budget for one month of Mr Mofokeng TV. Put income in the left-hand column and expenses in the right-hand column. Some of the expenses are for the whole year, so you need to work out how much it will be per month. 2.2 Take home pay R9 765 House payment R3 630 Water and electricity R850 Car payment R890 Petrol R625 Entertainment R200 Telephone R300 Groceries R1 200 Clothes R450 Instalment on loan R420 Municipal Rates & taxes R2 400 p.a. Sales at craft market R2 527 Savings for holiday R400 Newspapers & Magazines R210 Insurance (per year) R4 800 Rental of stall at market R50 (10) Considering Mofokeng's income and expenditure, will he have money over to save? Show ALL the calculations. (3) 2.3 Round off his house payment to the nearest R100 and his total income to the nearest R100 and then calculate what percentage of his total income he spends on his house payment. (4)
QUESTION 2 Mr Mofokeng TV is a factory worker who enjoys doing woodwork. He makes wooden toys and furniture to sell once a month at a craft market where he rents a stall. 2.1 Use the list of income and expenses below to draw up a budget for one month of Mr Mofokeng TV. Put income in the left-hand column and expenses in the right-hand column. Some of the expenses are for the whole year, so you need to work out how much it will be per month. 2.2 Take home pay R9 765 House payment R3 630 Water and electricity R850 Car payment R890 Petrol R625 Entertainment R200 Telephone R300 Groceries R1 200 Clothes R450 Instalment on loan R420 Municipal Rates & taxes R2 400 p.a. Sales at craft market R2 527 Savings for holiday R400 Newspapers & Magazines R210 Insurance (per year) R4 800 Rental of stall at market R50 (10) Considering Mofokeng's income and expenditure, will he have money over to save? Show ALL the calculations. (3) 2.3 Round off his house payment to the nearest R100 and his total income to the nearest R100 and then calculate what percentage of his total income he spends on his house payment. (4)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
This is maths literacy.
Transcribed Image Text:QUESTION 2
Mr Mofokeng TV is a factory worker who enjoys doing woodwork. He makes wooden
toys and furniture to sell once a month at a craft market where he rents a stall.
2.1 Use the list of income and expenses below to draw up a budget for one month
of Mr Mofokeng TV. Put income in the left-hand column and expenses in the
right-hand column. Some of the expenses are for the whole year, so you need
to work out how much it will be per month.
2.2
Take home pay
R9 765
House payment
R3 630
Water and electricity
R850
Car payment
R890
Petrol
R625
Entertainment
R200
Telephone
R300
Groceries
R1 200
Clothes
R450
Instalment on loan
R420
Municipal Rates &
taxes R2 400 p.a.
Sales at craft market
R2 527
Savings for holiday
R400
Newspapers &
Magazines
R210
Insurance (per year)
R4 800
Rental of stall at
market
R50
(10)
Considering Mofokeng's income and expenditure, will he have money over to
save? Show ALL the calculations.
(3)
2.3
Round off his house payment to the nearest R100 and his total income to the
nearest R100 and then calculate what percentage of his total income he
spends on his house payment.
(4)
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