Grade 12 Math Literacy September Paper 1 and Memo:
Total: 150 Marks.
Contents of the exam paper contains the following details:
Finansies
Meting
Kaarte & Planne
This is a practice paper with memorandum meant to test the student's knowledge, and will not be the same paper written for t...
Gr. 12
Mathematical Literacy
September
Total: 150 marks Time: 3 hours
Learner's name: _________________________________ Gr. 12: __________.
Instructions and information:
This paper consists of two questions, answer both questions.
The use of a calculator is not permitted.
No Tip – Ex may be used.
Show all the steps.
Good luck!!
Content covered in this paper
Statement of accounts
Finances
Tariff Structures
Percentage change in prices
Tax
Exchange rates
Data handling
,QUESTION 1
Given below is the account statement for Mr. N de Wet. Study the statement and answer the
questions that follow:
1.1.1 Who is the account holder of this account? (2)
1.1.2 Sate the date by which an instalment should be made on the account. (2)
1.1.3 Calculate the difference between the closing balance and the credit limit. (3)
1.1.4 The account must be paid within 12 months and the insurance stays unchanged.
Calculate the total payment to insurance for the time. (2)
1.1.5 The interest rate will increase to 27%. Calculate the new interest payable. (3)
1.1.6 What is one reason a store might decrease the interest rate on the account? (2)
1.1.7 Due to an error with his banking app the account holder only paid his account on
2 July 2024. Late payments are penalised at 5% of the payment due.
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Grade 12 September
Paper 1
, (a) Calculate the new amount payable on 2 July 2024. (2)
(b) Would the payment of this account reflect as a debit or a credit on his BANK
STATEMENT? (1)
1.1.8 Should the account holder buy goods of R1 895. Calculate the VAT. (2)
1.1.9 Explain the term “opening balance” (2)
1.1.10 Write the closing balance out in words. (1)
1.1.11 The account holder stated that a transaction on 21 June 2024 will be included in this
statement. Do you agree? Give a reason for your answer. (2)
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3| P a g e www.summariessa.co.za M a t h e m a ti c a l L i t e r a c y
Grade 12 September
Paper 1
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