Gr10 Math Lit: Term test 3

Money spent on various needs and wants

A budget is a plan, while a statement is a record

Amount for Category = (Percentage for Category / 100) × Total Income

<p>To avoid accruing interest and reduce available funds for savings</p> Signup and view all the answers

<p>Monthly Savings = Total Income - (Total Fixed Expenses + Total Variable Expenses + Total Occasional Expenses)</p> Signup and view all the answers

<p>The percentage charged for borrowing money</p> Signup and view all the answers

<p>Several factors, including the South African Reserve Bank’s lending rate, credit ratings, and employment history</p> Signup and view all the answers

<p>Interest Amount = Principal Amount × Interest Rate</p> Signup and view all the answers

<p>To prepare for unexpected costs, annual bills, and important events</p> Signup and view all the answers

<p>Interest Rate = (Interest Amount / Original Amount) × 100</p> Signup and view all the answers

<p>To generate revenue for the government</p> Signup and view all the answers

<p>Savings Account</p> Signup and view all the answers

<p>Bank Statement</p> Signup and view all the answers

<p>To show the account holder's transactions</p> Signup and view all the answers

<p>Amount of money paid out of an account</p> Signup and view all the answers

<p>14%</p> Signup and view all the answers

<p>To purchase items now and pay for them later</p> Signup and view all the answers

<p>To prevent financial crimes</p> Signup and view all the answers

<p>To make a profit</p> Signup and view all the answers

<p>Salary is paid for work done over a longer period and wage is paid for work done in a shorter period</p> Signup and view all the answers

<p>Total income minus cost of production</p> Signup and view all the answers

<p>Income exceeds expenditure</p> Signup and view all the answers

<p>A loan granted to students to assist with financial matters during their study period</p> Signup and view all the answers

<p>Income that changes over time or with situations</p> Signup and view all the answers

<p>Financial assistance granted to students, usually from government or private companies</p> Signup and view all the answers

<p>Deficit is when expenditure exceeds income, and surplus is when income exceeds expenditure</p> Signup and view all the answers

<p>Additional money received by service industry workers</p> Signup and view all the answers

<p>Transaction fees</p> Signup and view all the answers

<p>Monthly maintenance fee + Self-Service Banking Fee + Cash Deposit Fee + Withdrawal Fee + Balance Inquiry Fee + Other Transaction Fees</p> Signup and view all the answers

<p>The total length of the outside of the shape</p> Signup and view all the answers

<p>P = 2 × length + 2 × width</p> Signup and view all the answers

<p>A closed geometric figure with a continuous curved boundary</p> Signup and view all the answers

<p>A = π × radius^2</p> Signup and view all the answers

<p>A 2-dimensional picture of a building from a top view</p> Signup and view all the answers

<p>To describe the layout of a building</p> Signup and view all the answers

Signup and view all the answers

<p>A wall that is fully solid</p> Signup and view all the answers

<p>To understand the overall functionality of the space</p> Signup and view all the answers

<p>Measurement on Plan = Real-life Measurement ÷ Scale Factor</p> Signup and view all the answers

<p>Volume = Length × Width × Height</p> Signup and view all the answers

<p>To estimate how many cans can fit into each box</p> Signup and view all the answers

<p>Area = Length × Width</p> Signup and view all the answers

<p>To find the best way to fit as many items as possible without damaging the items or the box</p> Signup and view all the answers

<p>Length, Width, and Height</p> Signup and view all the answers

<p>To balance income and expenditure</p> Signup and view all the answers

<p>Profit</p> Signup and view all the answers

<p>Rental Income</p> Signup and view all the answers

<p>Deficit</p> Signup and view all the answers

<p>Bursary</p> Signup and view all the answers

<p>Variable Income</p> Signup and view all the answers

<p>Surplus = Income - Expenditure</p> Signup and view all the answers

<p>Gratuity</p> Signup and view all the answers

<p>VAT Amount = Price × VAT Rate</p> Signup and view all the answers

<p>To show the transactions and balance of the account</p> Signup and view all the answers

<p>Savings account</p> Signup and view all the answers

<p>14%</p> Signup and view all the answers

<p>Amount of money paid out of an account</p> Signup and view all the answers

<p>To require certain information and documents when opening a bank account</p> Signup and view all the answers

<p>To prepare for unexpected costs and important events</p> Signup and view all the answers

<p>VAT-Inclusive Price = Price + VAT Amount</p> Signup and view all the answers

<p>Fixed expenses are regular, while variable expenses are changing</p> Signup and view all the answers

<p>Bank statement</p> Signup and view all the answers

<p>To determine the total amount owed</p> Signup and view all the answers

<p>To provide services to account holders</p> Signup and view all the answers

<p>To track financial performance</p> Signup and view all the answers

<p>To deposit money for a set period of time</p> Signup and view all the answers

<p>A percentage charged for the borrowing or loan of a sum of money</p> Signup and view all the answers

<p>To increase the amount saved</p> Signup and view all the answers

<p>To reduce the amount of debt</p> Signup and view all the answers

<p>To prepare for unexpected costs and important events</p> Signup and view all the answers

<p>To plan for future income and expenses</p> Signup and view all the answers

<p>To calculate the interest amount</p> Signup and view all the answers

<p>An opening in a wall</p> Signup and view all the answers

<p>To analyze the overall functionality of the space</p> Signup and view all the answers

<p>50 units in real life</p> Signup and view all the answers

<p>Length × Width × Height</p> Signup and view all the answers

<p>To determine the number of cans that can fit in a box</p> Signup and view all the answers

<p>Length × Width</p> Signup and view all the answers

<p>To find the best way to fit as many cans as possible without damaging the cans or the box</p> Signup and view all the answers

<p>A toilet</p> Signup and view all the answers

<p>By using a certain type of account for your needs</p> Signup and view all the answers

<p>P = 4 × side</p> Signup and view all the answers

<p>To show the layout of a building from a top view</p> Signup and view all the answers

<p>A = 1/2 × base × height</p> Signup and view all the answers

<p>The length from the centre to any point on the edge of a circle</p> Signup and view all the answers

<p>To find the measurements of the shape</p> Signup and view all the answers

<p>C = 2 × π × radius</p> Signup and view all the answers

<p>To estimate the perimeter of the circle</p> Signup and view all the answers

<p>A line that lies at an angle of 90° to a given line</p> Signup and view all the answers

<p>Total Bank Fees = Monthly Maintenance Fee + Self-Service Banking Fee + Cash Deposit Fee + Withdrawal Fee + Balance Inquiry Fee + Other Transaction Fees</p> Signup and view all the answers

<p>To track income and expenditure</p> Signup and view all the answers

<p>Gifts and Pocket Money</p> Signup and view all the answers

<p>Income - Expenditure</p> Signup and view all the answers

<p>Study Loan</p> Signup and view all the answers

<p>Fixed Income</p> Signup and view all the answers

<p>Bursary</p> Signup and view all the answers

<p>Profit</p> Signup and view all the answers

<p>Surplus</p> Signup and view all the answers

<p>$500</p> Signup and view all the answers

<p>To plan for future income and expenses</p> Signup and view all the answers

<p>$1090</p> Signup and view all the answers

<p>To allocate income to different categories</p> Signup and view all the answers

<p>Occasional expenses</p> Signup and view all the answers

<p>$1500</p> Signup and view all the answers

<p>To identify areas for improvement in financial performance</p> Signup and view all the answers

<p>Debt</p> Signup and view all the answers

<p>To plan for specific events or expenses, such as parties or trips</p> Signup and view all the answers

<p>To increase savings</p> Signup and view all the answers

<p>The transaction fees</p> Signup and view all the answers

<p>To determine the length of the outside of the shape</p> Signup and view all the answers

<p>P = side₁ + side₂ + side₃</p> Signup and view all the answers

<p>To visualize the layout of the building</p> Signup and view all the answers

<p>A = length × width</p> Signup and view all the answers

<p>To minimize your bank charges</p> Signup and view all the answers

<p>C = π × diameter</p> Signup and view all the answers

<p>To determine the size of the surface</p> Signup and view all the answers

<p>The length from the centre to any point on the edge of the circle</p> Signup and view all the answers

<p>To understand the overall functionality of the space</p> Signup and view all the answers

<p>Measurement on Plan = Real-life Measurement / Scale Factor</p> Signup and view all the answers

<p>To estimate how many cans fit into each box</p> Signup and view all the answers

<p>Not specified in the content</p> Signup and view all the answers

<p>Volume = Length * Width * Height</p> Signup and view all the answers

<p>To find the best way to fit as many cans as possible</p> Signup and view all the answers

<p>Length, Width, and Height</p> Signup and view all the answers

<p>An arrow</p> Signup and view all the answers

<p>To provide a source of income for the government</p> Signup and view all the answers

<p>A debit transaction is when money is withdrawn from an account, while a credit transaction is when money is deposited into an account</p> Signup and view all the answers

<p>To provide a record of all transactions made on an account</p> Signup and view all the answers

<p>Cheque or Current Account</p> Signup and view all the answers

<p>To prevent money laundering and terrorist financing</p> Signup and view all the answers

<p>VAT Amount = Price x VAT Rate</p> Signup and view all the answers

<p>To earn interest on a long-term basis</p> Signup and view all the answers

<p>Opening and Closing Balance</p> Signup and view all the answers

<p>To purchase goods and services and pay for them later</p> Signup and view all the answers

<p>Interest Rate = (Interest Amount / Original Amount) x 100</p> Signup and view all the answers

<p>Fixed income is regular and unchanging, while variable income changes over time or with situations.</p> Signup and view all the answers

<p>Profit = Total Income - Cost of Production</p> Signup and view all the answers

<p>Surplus</p> Signup and view all the answers

<p>To balance expenditure with income</p> Signup and view all the answers

<p>Commission</p> Signup and view all the answers

<p>Bursary</p> Signup and view all the answers

<p>Rental Income</p> Signup and view all the answers

<p>Deficit = Expenditure - Income</p> Signup and view all the answers

<p>To allocate funds for a specific goal or expense</p> Signup and view all the answers

<p>Occasional (Unexpected) Expenses</p> Signup and view all the answers

<p>To track financial performance</p> Signup and view all the answers

<p>Accrued interest reduces available savings</p> Signup and view all the answers

<p>Frees up funds for savings</p> Signup and view all the answers

<p>The South African Reserve Bank's lending rate</p> Signup and view all the answers

<p>Total Amount = Principal Amount + Interest Amount</p> Signup and view all the answers

<p>To increase savings</p> Signup and view all the answers

<p>Available funds for savings decrease</p> Signup and view all the answers

<p>To allocate funds for specific goals or expenses</p> Signup and view all the answers

<p>To claim a deduction of the VAT paid from the taxable income</p> Signup and view all the answers

<p>To reduce transaction fees</p> Signup and view all the answers

<p>One includes VAT and the other excludes VAT</p> Signup and view all the answers

<p>To invest a lump sum over a set period of time</p> Signup and view all the answers

<p>Counting the number of squares within a shape</p> Signup and view all the answers

<p>All of the above</p> Signup and view all the answers

<p>Screwdriver</p> Signup and view all the answers

<p>A = 1/2 × base × height</p> Signup and view all the answers

<p>To show the transactions and balance of the account</p> Signup and view all the answers

<p>Perimeter</p> Signup and view all the answers

<p>To cover the costs of providing banking services</p> Signup and view all the answers

<p>VAT Amount = Price × VAT Rate</p> Signup and view all the answers

<p>To visualize the layout of the space and optimize the use of space</p> Signup and view all the answers

<p>C = π × diameter</p> Signup and view all the answers

<p>A debit transaction is a withdrawal, while a credit transaction is a deposit</p> Signup and view all the answers

<p>To show the account balance and recent transactions</p> Signup and view all the answers

<p>To deposit and withdraw money using a cheque or other methods</p> Signup and view all the answers

<p>To earn interest on a short-term savings</p> Signup and view all the answers

<p>Area</p> Signup and view all the answers

<p>Total Bank Fees = Monthly Maintenance Fee + Self-Service Banking Fee + Cash Deposit Fee + Withdrawal Fee + Balance Inquiry Fee + Other Transaction Fees</p> Signup and view all the answers

<p>A wall that is partially open to the ceiling</p> Signup and view all the answers

<p>25 units</p> Signup and view all the answers

<p>To determine the number of items that can fit in the box</p> Signup and view all the answers

<p>Length × Width</p> Signup and view all the answers

<p>To analyze the functionality of the space</p> Signup and view all the answers

<p>To find the best way to fit as many items as possible without damaging them</p> Signup and view all the answers

<p>Length, Width, and Height</p> Signup and view all the answers

<p>Measurement on Plan = Real-life Measurement ÷ Scale Factor</p> Signup and view all the answers