TEACHERS GUIDE

ANSWERS: (OF ACTIVITIES)

2.1 The amounts being deducted each month are not constant as would be the case with a
straight line. Instead they are increasing monthly, hence the graph is getting steeper as it
goes along.
2.2
2.2.1 It would start lower down, but it would still end 240 months later as the terms of the
loan would still be 20 years. Like this:
2.2.2 If they paid a deposit of R220 000, then the amount owed would be R550 000 and so
the graph would look very similar to 2.2.1. However, if they agreed to the terms and
then in the first month they paid in an extra R220 000 then the graph would look like
this (but only if they paid the original monthly instalments):

2.2.3 The graph would start from the same place, but it would decrease much faster, like
this:
2.2.4 The new graph will follow the original graph until 60 months and then it will drop more
steeply as the loan is being paid off faster than the bank’s original calculated monthly
amount.

3.2
3.2.1 No. The inflation percentage is calculated on a basket of goods and not one single item.
Some of the items in the basket of goods will increase while some will decrease in price.
3.2.2 The manufacturing cost of computers decreased over this time while food became more
expensive to produce.
4
4.1 The inflation rate is decreasing during that time. This means that prices still increased, but
at a lower rate than before.
4.2 The inflation rate would be negative and so the graph would register negative values.
4.3 In order for Miriam to maintain her standard of living, her increase in salary would need to
be larger than the inflation rate. This was not the case.

EXAMINATION QUESTIONS
FREE STATE 2022, P1
 MPUMALANGA 2022, P1
4.3.1 If you do not exchange any money, then no 2O opinion F
O
commission can be charged. A L4
(2)
4.3.2 Minimum charge of R100,80 A 2A reason F
L2
(2)
4.3.3 If commission of 2,28%: F
2,28% × amount = R114,00
L3
𝑅114,00
A
Amount at D = 1A setting up equation
2,28 M
100
1M divide by 2,28%
= R5000,00 CA 1CA amount
(3)

EASTERN CAPE 2022, P1

GAUTENG 2021, P1
EASTERN CAPE 2021, P1

EXCHANGE RATES
ACTIVITY 1:
1.1.1 £1 : R21,50
£65,50 : R?
In Rands = 65,50 ÷ 1 × 21,50
= R1 408,25
 £65,50 : R1 408,25

1.1.2 £1 : R21,50
£? : R1 500
In Pounds = 1 500 ÷ 21.50
≈ £69,77
 £69,77 : R1 500

1.2.1 €1 : R19,17
€ ? : R1
Euro = R1 ÷ R19,17
 = £0,05216484
 R1 : £0,05216484

1.2.2 United States: $1 : R17,11

$196 : R?
In Rand = 196 ÷ 1 × 17,11
= R3 353,56 per week

Britain: £1 : R21,50
£155 : R?
In Rand = 155 ÷ 1 × 21,50
= R3 332,50 per week

Botswana: R1 : P 0,68
R? : P 1 500

In Rand = 1 500 ÷ 0,68

= R2 205,88 per week

Conclusion: United States

1.2.3 €1 : R19,17
(a) €? : R5 000
In Euro = R5 000 ÷ R19,17
≈ € 260,82
 € 260,82 : R5 000

(b) R1 : ₦ 0,044
R5 000 : ₦ ?
In Naira = 5 000 ÷ 1 × 0,044
= ₦ 220
 R5 000 : ₦ 220

(c) R1 : ₹ 0,23
R5 000 : ₹?
In Rupees = 5 000 ÷ 1 × 0,23
= ₹ 1 150
 R5 000 : ₹ 1 150
1.3 Dollar to Pounds: $1 : £0,79
$115 : £ ?
In Pounds = 115 ÷ 1 × 0,79
= £ 90,85
Pounds to Euro: £1 : € 1,12
£ 90.85 : € ?
In Euro = 90,85 ÷ 1 × 1,12
= € 101,752
Euro to Rand: € 1 : R19,02
€ 101,752 : R?
In Rand = 101,752 ÷ 1 × 19,02
= R1 935,32
 $115 : R1 935,32
 ACTIVITY 2:
2.1 R1,00 : ₦ 0,044 Total = 125 × 2 = R250
R250 : ?
In Naira = 250 × 0,044
= ₦ 11
2.2 Accommodation Costs = 12 700 × 9
= K 114 300
Dinner Costs = 1 088,50 × 2 × 5
= K10 885
Total Amount = 114 300 + 10 885
= K 125 185
In Rand:
R1,00 : K 6,22
R? : K 125 185
In Rand = 125 185 ÷ 6,22
≈ R20 126,21
2.3.1 Nigerian Naira is the stronger currency. For 1 South African Rand you will get
less than 1 Naira, you only get 0,044 Naira.
2.3.2 The Kenyan Shilling is the weaker currency. You pay K6,22 for every Rand.

ACTIVITY 3:
3.1 ¥ 1 : R0,16
¥ 36 000 : R?
In Rand = 36 000 ÷ 1 × 0,16
= R5 760
His statement is wrong / invalid / not valid
(R5 700 will not be enough)

EXAMINATION QUESTIONS
MPUMALANGA 2022, P1

2.2.1 Indian rupee RT 2RT correct currency F

(2) L1
2.2.2 The value of one currency for the purpose of 2O correct explanation F
conversion to another. O
L1
OR (2)
The price of a country's money in relation to another
country's money
2.2.3 Euro: F
1MA euro to rand
€1 576 × 16,833225 MA
L4
=R26 529,16 CA 1CA correct amount

Dirham:
AED 4 199 × 4,402465 MA 1MA dirham to rand
= R18 485,95 CA
 1CA correct amount
Indian rupee:
Rp 119 900 × 0,208643 MA
1MA rupees to rand
= R25 016,30 CA
1CA correct amount
Incorrect statement.O
1O verification
(7)

FREE STATE 2022, P1

NORTHEN CAPE 2022, P1

NORTH WEST 2021, P1
NORTH WEST 2022, P1
EASTERN CAPE 2022, P1