1. (b) (i) Problem: Calculate Ria's earnings for 40 hours at a rate of 13.50 per hour.
Calculation: $$ 40 \times 13.50 = 540 $$
Answer: Ria earned 540 that week.
2. (b) (ii) Problem: Show Ria worked 15 hours overtime in August given gross earnings of 2463.75, regular hours 40 per week, 4 weeks, and overtime rate 1.5 times hourly rate.
Step 1: Calculate regular earnings for 4 weeks at 40 hours/week:
$$ 4 \times 40 \times 13.50 = 2160 $$
Step 2: Calculate overtime earnings:
$$ 2463.75 - 2160 = 303.75 $$
Step 3: Calculate overtime hourly rate:
$$ 13.50 \times 1.5 = 20.25 $$
Step 4: Calculate overtime hours:
$$ \frac{303.75}{20.25} = 15 $$
Answer: Ria worked 15 hours overtime.
3. (b) (iii) Problem: Calculate Ria's remaining money after 20% tax on gross earnings 2463.75.
Calculation:
Tax deduction: $$ 0.20 \times 2463.75 = 492.75 $$
Remaining money: $$ 2463.75 - 492.75 = 1971 $$
Answer: Ria has 1971 left after tax.
4. (b) (iv) Problem: Calculate simple interest on 219 invested for 3 years at 4.5% per annum.
Formula: $$ I = P \times r \times t $$
Substitute:
$$ I = 219 \times 0.045 \times 3 = 29.565 $$
Answer: Interest received after 3 years is 29.565.
5. (c) Thomas invested 1498 at 6% simple interest per annum.
(i) Calculate interest after 6 months (0.5 years):
$$ I = 1498 \times 0.06 \times 0.5 = 44.94 $$
(ii) Total amount after 3 years:
$$ A = P + I = 1498 + (1498 \times 0.06 \times 3) = 1498 + 269.64 = 1767.64 $$
(iii) Calculate time to earn 449.40 interest:
$$ 449.40 = 1498 \times 0.06 \times t \Rightarrow t = \frac{449.40}{1498 \times 0.06} = 5 \text{ years} $$
6. (c) Mr Adams invested 5000 and received 5810 after 3 years.
(i) Simple interest earned:
$$ I = 5810 - 5000 = 810 $$
(ii) Annual interest rate:
$$ 810 = 5000 \times r \times 3 \Rightarrow r = \frac{810}{5000 \times 3} = 0.054 = 5.4\% $$
(iii) Time to double investment:
$$ 2 \times 5000 = 5000 + 5000 \times 0.054 \times t \Rightarrow 10000 = 5000 + 270 t $$
$$ 5000 = 270 t \Rightarrow t = \frac{5000}{270} \approx 18.52 \text{ years} $$
Earnings Simple Interest
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