Unit 1 Topic 1 Consumer arithmetic- Math Homework

Subject

General Mathematics

Technique

Problem-solving and modelling task

Unit

Unit 1: Money, measurement and relations

Topic

Topic 1: Consumer Arithmetic

Conditions

Length

Up to 10 pages (including table, figures and diagram) and excluding appendixes

Individual/ group

Individual

Other

—

Resources available

The use of technology is required, e.g.

• word processor and spreadsheet program

Context

You are a forward-thinking year 11 student; planning for an overseas trip at the end of year 12. You have a casual job, which is your sole source of income to finance your trip. You will be travelling for 4 weeks with two friends to a minimum of 3 countries.

Task

Your task is to investigate the total cost of your proposed holiday and to construct an appropriate budget for both savings to the end of year 12 and your overseas trip under the following parameters:

· Your savings plan will begin any date in January 2023

· You will work a maximum of 10 hours a week during the school term

· You will work a maximum of 20 hours a week during the school holidays

· You will have 4 weeks during the year when you don’t work at all

· You will have the typical expenses of a high school student

· Your overseas trip will begin any date in January 2025

· You will travel to a minimum of 3 countries

· You will travel for 4 weeks

· You will travel with two friends

Your estimations should be realistic and based on research into current local conditions where applicable. Any transactions made in local currency must be converted to AUS dollars.

Refine your model/budget to ensure you can afford your overseas holiday or at least increase available spending funds. In this report, you will discuss/evaluate your findings and justify your decisions. Your submission must include all mathematical investigations, calculations and support for your findings

To complete this task, you must:

• use the problem-solving and mathematical modelling approach to develop your response

• respond with a range of understanding and skills, such as using mathematical language, appropriate calculations, tables of data, graphs and diagrams

• provide a response that highlights the real-life application of mathematics

• evaluate the reasonableness of your proposed solutions

• respond using a written report format that can be read and interpreted independently of the instrument task sheet

• develop a unique response

• use both analytic procedures and technology.