Maths a Financial Maths Assignment
Year 11 Mathematics
Financial Maths
Year 11 Mathematics
Financial Maths
Fiona Pulea
Fiona Pulea
TASK 1: Finding your ideal car (Level 1) (KD1, 2, CD1, MD1)
Imagine you are an eighteen year old who has just finished school and would like to purchase your first car. Select the make and model of a second hand car which is less than six years old, that you would like to own. (Be reasonable!)
You can obtain car prices from a website such as: * http://www.redbookasiapacific.com/au/ * http://carsguide.news.com.au/ * http://www.carprices.com/
Paste the image of the car including the price below. (*Every student must have a different car and there should be no prices which are exactly the same as any other student in the class. Check with Mr Mellor for approval before proceeding after choosing your car.)
$9,950.00
2010 Model
Hyundai i20
Odometer: 43,930
$9,950.00
2010 Model
Hyundai i20
Odometer: 43,930
$16,990.00
2012 Model
Holden Cruze
Odometer: 48,685
$16,990.00
2012 Model
Holden Cruze
Odometer: 48,685
$25,900.00
2010 Model
Toyota Hilux
Odometer: 80,614
$25,900.00
2010 Model
Toyota Hilux
Odometer: 80,614
1. Find out how much the car is likely to depreciate each year.
Car 1 – Hyundai i20:
Car 2 – Holden Cruze:
Car 3 – Toyota Hilux:
2. Contact an insurer (or research on internet) to find out how much car insurance would cost for an 18-year-old. (attach print out evidence)
*see attached*
3. Check with a local service station to find the cost of services and ask a service station operator how much you are likely to spend on repairs
Car 1:
Car 2:
Car 3:
4. Find out the typical fuel consumption for the car(s) you have chosen and estimate the number of kilometres you are likely to travel in a year. (show break down of calculations)
Car 1 – Hyundai i20:
Full tank capacity: 53.63L
Uses: 4.23L/100km
The average adult in Queensland travels 14900km per year.
Financial Maths
Year 11 Mathematics
Financial Maths
Fiona Pulea
Fiona Pulea
TASK 1: Finding your ideal car (Level 1) (KD1, 2, CD1, MD1)
Imagine you are an eighteen year old who has just finished school and would like to purchase your first car. Select the make and model of a second hand car which is less than six years old, that you would like to own. (Be reasonable!)
You can obtain car prices from a website such as: * http://www.redbookasiapacific.com/au/ * http://carsguide.news.com.au/ * http://www.carprices.com/
Paste the image of the car including the price below. (*Every student must have a different car and there should be no prices which are exactly the same as any other student in the class. Check with Mr Mellor for approval before proceeding after choosing your car.)
$9,950.00
2010 Model
Hyundai i20
Odometer: 43,930
$9,950.00
2010 Model
Hyundai i20
Odometer: 43,930
$16,990.00
2012 Model
Holden Cruze
Odometer: 48,685
$16,990.00
2012 Model
Holden Cruze
Odometer: 48,685
$25,900.00
2010 Model
Toyota Hilux
Odometer: 80,614
$25,900.00
2010 Model
Toyota Hilux
Odometer: 80,614
1. Find out how much the car is likely to depreciate each year.
Car 1 – Hyundai i20:
Car 2 – Holden Cruze:
Car 3 – Toyota Hilux:
2. Contact an insurer (or research on internet) to find out how much car insurance would cost for an 18-year-old. (attach print out evidence)
*see attached*
3. Check with a local service station to find the cost of services and ask a service station operator how much you are likely to spend on repairs
Car 1:
Car 2:
Car 3:
4. Find out the typical fuel consumption for the car(s) you have chosen and estimate the number of kilometres you are likely to travel in a year. (show break down of calculations)
Car 1 – Hyundai i20:
Full tank capacity: 53.63L
Uses: 4.23L/100km
The average adult in Queensland travels 14900km per year.