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Financial Maths, STD1 EQ-Bank 6 MC

The table shows Age Pension payment rates per fortnight.

Robert is single and receives the maximum Age Pension payment. He is entitled to the Pension Supplement and Energy Supplement.

How much does Robert receive per fortnight?

  1. $888.50
  2. $1079.70
  3. $1178.70
  4. $1777.00
Show Answers Only

\(C\)

Show Worked Solution
\(\therefore\ \text{Total Payment (Single)}\) \(=\text{Basic rate} + \text{Pension Supplement} + \text{Energy Supplement}\)
  \(=1079.70+84.90+14.10\)
  \(=$1,178.70\)

  
\(\Rightarrow C\)

Filed Under: Ways of Earning Tagged With: Band 3, smc-6515-40-Govt Payments

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