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Financial Maths, STD2 F1 2013 HSC 11 MC (Adapted)

An enterprise agreement has the following annual salary arrangements:
 

Rowan's employer pays 5% more than the enterprise agreement. He is on Step 2 and receives an allowance for Leader 1.

What is Rowan's gross monthly pay?

  1. $3575.50
  2. $3730.00
  3. $3937.50
  4. $4150.00
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`C`

Show Worked Solution
♦ Mean mark 46%
`text(Gross annual pay)` `=(40\ 000+5000)xx1.05`
  `=$47\ 250`

 

`:.\ text(Gross monthly pay)` `=(47\ 250)/12`
  `=$3937.50`

 
`=>\ C`

Financial Maths, STD2 F1 2019 HSC 7 MC

Julia earns $28 per hour. Her hourly pay rate increases by 2%.

How much will she earn for a 4-hour shift with this increase?

  1. $2.24
  2. $28.56
  3. $112
  4. $114.24
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`D`

Show Worked Solution

`text(Hourly rate)= 28 xx 1.02= $28.56`

`:.\ text(Shift earnings)= 4 xx 28.56= $114.24`

`=> D`

Financial Maths, STD2 F1 2013 HSC 11 MC

An enterprise agreement has the following annual salary arrangements:
 

George's employer pays 6% more than the enterprise agreement. He is on Step 3 and receives an allowance for Leader 2.

What is George's gross monthly pay?

  1. $4375.00
  2. $4412.50
  3. $4600.00
  4. $4637.50
Show Answers Only

`D`

Show Worked Solution
♦ Mean mark 46%

`text(Gross annual pay)=(45\ 000+7500)xx1.06=$55\ 650`

`:.\ text(Gross monthly pay)=(55\ 650)/12=$4637.50`

  
`=>\ D`