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General Thoughts: General Mathematics (1 Viewer)
- Thread starter Rafy
- Start date
peteryan57
New Member
upload the paper and i shall list the answers in 15 mins i am a teacher
Am I the only one who felt like shit walking out? Fuck.Really good paper overall! So pleased
hayleyemma96
Member
Compared to past years, I thought it was quite time-consuming. Normally I finish in 1hr -1.5hr but I finished in 2hr today.
Bit harder than previous years but pretty good overall
Hayley
Bit harder than previous years but pretty good overall
Hayley
hayleyemma96
Member
No you add the Medicare levy because that is also a tax.
I had trouble with the last question as a read fuel to mean petrol in the last part so I had to redo it.
Hayley
So did you add or subtract it from the value (it was 18000 odd from memory)?No you add the Medicare levy because that is also a tax.
I had trouble with the last question as a read fuel to mean petrol in the last part so I had to redo it.
Hayley
hayleyemma96
Member
I added it to the tax payable (from her income)
So it would've been (2500 x 0.37 + 17547) + (0.015 x 82500)
Hayley
So did she get a tax refund?I added it to the tax payable (from her income)
So it would've been (2500 x 0.37 + 17547) + (0.015 x 82500)
Hayley
Cleverusername5321
Member
- Joined
- Oct 22, 2013
- Messages
- 142
- Gender
- Male
- HSC
- N/A
No, I think she had to pay some amount of money still.
Yeah I subtracted the levy, it said the levy was 1.5% or whatever from her taxable income. So idk I got confused not sure if i'm right.
The one where they repay an extra 250 a month you just add that value to M (in the annuity formula... I think the initial M was 2000 or so and then you simply added the 250) and figured out if it reached $300k in 20 years.
My answer was that it didn't.
My answer was that it didn't.
How are you meant to do the interest on that loan thought, I was getting around 900k with compound interest formula (and I think FV annuity formula was around same) can that be right? I wrote that he wouldn't reach it anyway.
hayleyemma96
Member
So I lost 3 marks for that last question because I over complicated it. And I lost 3 marks in MC already because I didn't read the question properly or worked it out wrong.
94/100 at best which is actually disappointing.
Hayley
94/100 at best which is actually disappointing.
Hayley
It has to be an annuity as he made constant repayments iirc. My value was like $285k or something so he was short about $15k.
Anyone else do the same or am I wrong? I'm probably wrong.
Hayley, 94/100 will probably scale to 9387878439787% dw. I feel like I got about 85% which will scale to low 90's imho depending on how my cohort goes.
alex122
Member
yeah that's what i did! They were short by like $14000 something
I love you too now. <3 xoxo
Did you use the first present value formula?
I used that formula and worked out the bracket part and got an answer. I then did 300,000 divided by ANSWER.
Then I multiplied that answer by 240 and got that it was somewhere in the $500,000s...
So I said he would be able to pay it off.
Am i wrong..
alex122
Member
haha aw i didnt get 60 but i got 2. hahaha ):