Workplace Math 11 Final Challenge - Your last ever math task!!!

Personal Finance

100

List one similarity and difference between a bank and a credit union

Similarity: both offer financial services like savings accounts and loans

Difference: banks are for-profit businesses while credit unions are member-owned and not-for-profit

200

When deciding between a TFSA and an RRSP list 3 things people should consider.

-RRSP gives a tax break now, pay tax later

-TFSA do not pay taxes on a set amount invested per year

-RRSP is better for long term savings

TFSA is better for short term savings (5-10years)

300

Which of these are variable and fixed expenses? Write a list

rent

heat/electicity

car payment

car insurance

gas

cell phone

groceries

entertainment

personal hygiene

fixed=rent, car payment, car insurance, cell phone

variable=heat/electricity, gas, groceries, entertainment, personal hygiene

Interest

100

If you were taking out a loan where the interest is compounded, which compounding period would you choose and why?

a) annually

b) daily

c) weekly

d) monthly

a) annually there are less calculations per year and less interest accumulates

200

Use the rule of 72 to calculate how long it will the following investments to double:

a) 3.4%
b) 6.9%

c) 12.2%

a) 21.18 years

b) 10.43 years

c) 5.6 years

400

You have a TFSA for investing. You invest 20% of your TFSA into the S&P500 with the reminder univested. After 1 year you have a 13% return, which totals $84.50 profit. What is the total amount of money in your TFSA after one year?

$3334.50

500

Mr. Teichrob wants to save $25 000 for a down payment to purchase an apartment in 5 years time. How much will he need to invest today at a rate of 3.2% compounded semi-annually to have $25 000 in 5 years?

$21 330.59

Rates/Slope

100

The roller coaster has a max height of 197 ft while extending a distance of 450ft. what is the slope?

0.43 or 43%

200

Mr. Teichrob works as a window washer and cleans windows at a rate of 3.5 windows in 30 minutes. How many windows does he clean in 5 h 15 min?

36 windows

300

Find this slope. Express as a percent

rise=11m

run=9m

122%

3D Shapes

100

What is the volume of a box with the dimensions w=2cm, l=8.5cm, and h=7cm

119cm³

200

Find the hypotenuse of this triangle using the Pythagorean theorem.

a=5cm

b=4cm

c=?

6.4cm

300

If a hill has a 28% grade, which could represent the rise and run?

a) 21/55

b) 9/50

c) 14/45

d) 7/25

d) 7/25

400

What is the volume of this cylinder?

r=5m

h=2m

157.07m³

500

Draw a new for a square base pyramid

next calculate the surface area and then volume

slant height=186m

base length= 230m

surface area=85 560m²

volume 2 577 785m³​​​​

Random

100

What is the lowest equivalent fraction for 5/25?

1/5

200

List advantages and disadvantages for both buying and leasing a vehicle.

Buying Advantage: you own it once paid off and no penalties for a lot of miles

Buying Disadvantage: responsible for repair bills after warranty period

Lease Advantage: you get to drive a new car every few years and can potentially have lower monthly payments

Lease Disadvantage: has limits for the number of miles you can drive 

300

What are the odds of picking a Joker in a deck of cards? 

2/54, 1/27 or 3.7%