New Century Mathematics (Second Edition)

S3 Question Bank
3A Chapter 3 Percentages (II)

Level 3

<code=10120043>
<bk=3A><ch=3><ex=3A><type=L3><mark=8><title=10120043><content>
Mr Chan deposits $20 000 in bank A at a simple interest rate of 3.6% p.a. Four months later, he
deposits $30 000 in bank B at a simple interest rate of 4.8% p.a. After further n months, a total
interest of $1 500 is received. Which bank pays more interest to Mr Chan? Explain your answer.
(8 marks)

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<code=10120060>
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Bank X offers interest at 4% p.a. compounded half-yearly. Bank Y offers interest at 2% p.a.
compounded quarterly. Susan is going to deposit a sum of money in one of the banks. She claims
the interest received in bank X will be more than that in bank Y after 10 years. Do you agree?
Explain your answer.
(10 marks)

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<code=10120091>
<bk=3A><ch=3><ex=3C><type=L3><mark=11><title=10120091><content>
The monthly salary of Peter has been increasing at a constant rate of 8% per year. From 2014 to
2017, his monthly salary was increased by $3 246.4.
(a) Find Peter’s monthly salary in 2014.
(b) David’s monthly salary has been increasing at a steady rate per year. His monthly salaries
were $15 000 and $15 600 in 2014 and 2015 respectively. Peter claims that his monthly salary
will exceed David’s in 2020. Do you agree? Explain your answer.
(11 marks)

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<code=10120145>
<bk=3A><ch=3><ex=3D><type=L3><mark=10><title=10120145><content>
Stephen bought a new sports car in 2014 and its value has been depreciated at a constant rate per
year. The depreciation of the car was $600 000 in 2015. From 2014 to 2016, the value of the car
dropped by $1 080 000. Stephen claims that the value of the car in 2024 will be less than one-tenth
of the original value. Do you agree? Explain your answer.
(10 marks)

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<code=10120147>
<bk=3A><ch=3><ex=3E><type=L3><mark=7><title=10120147><content>
If the height of a cylinder increases by 60% and its curved surface area remains unchanged, find
the percentage change in the volume of the cylinder.
(7 marks)

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<code=10120164>
<bk=3A><ch=3><ex=3F><type=L3><mark=7><title=10120164><content>
The salaries tax rates are as shown in the following table:

Net chargeable income Rate

On the first $40 000 2%
On the next $40 000 7%
On the next $40 000 12%
Remainder 17%

It is known that Joyce’s net chargeable income is $18 000 more than Peter’s, and also Joyce’s
salaries tax payable is $1 760 more than Peter’s. Suppose Joyce’s net chargeable income is greater
than $80 000 but less than $98 000. Find Joyce’s net chargeable income.
(7 marks)

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