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Financial Maths, STD2 F1 2012 HSC 29d

Su-Lin pays a monthly contribution of 5% of her salary into a superannuation fund. Her salary is  `$81\ 600`  per annum.

What is the amount of Su-Lin’s monthly contribution?   (2 marks)

Show Answers Only

`$340`

Show Worked Solution
`text(Annual super cont.)` `=5 text(%) xx 81\ 600`
  `= $4080`

 

`:.\ text(Monthly contribution)` `= 4080/12`
  `= $340`

Filed Under: Earning Money and Budgeting (Std 1), Earning Money and Budgeting (Std 2), FM1 - Earning money, Ways of Earning (Std2-2027) Tagged With: Band 4, smc-1126-10-Wages, smc-6276-50-Other, smc-810-10-Wages

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