CAIE IGCSE Mathematics Core C1.16 Money Questions

Practise using prices, totals, change and exchange rates to solve everyday money problems with correct units and sensible rounding.

Exam points

calculate totals and change from prices, quantities and fixed extra costs
use exchange rates to convert currencies, deciding whether to multiply or divide

Covered syllabus points

C1.16.1 Calculate with money.C1.16.2 Convert from one currency to another.

[Maximum number: 3]

Elize, Lily and Marco start a business.

Elize buys some picture frames.

The frames cost $5.80 each in New York and 4.50 euros each in Paris.
The exchange rate is 1 euro = $1.37.
Calculate the difference in the cost in euros.
Give your answer correct to 2 decimal places.
$\mathrm{euros}$

0.27
B2 for 0.266...
or M2 for $4.50-\frac{5.80}{1.37}$ oe or $\frac{5.80}{1.37}-4.50$ oe, or M1 for $\frac{5.80}{1.37}$ soi by 4.23
If 0 or 1 scored, SC1 for correct rounding to 2 d.p. from their more accurate answer

[Maximum number: 2]

Naz pays $ 76.25 per day to hire a car.
He hires this car for 7 days.
He also pays $ 146 for fuel.
Calculate the total amount Naz pays.
$

679.75 cao

M1 for $76.25 \times 7+146$ oe
or B1 for 533.75

[Maximum number: 3]

A toy car costs $ 12.40 in the USA and 11.50 euros in Spain.

The exchange rate is 1 euro =$ 1.12.
Calculate the difference in the cost of the toy car in euros.
Give your answer correct to 2 decimal places.
euros

0.43 cao

B2 for 0.429 or $0.428[5\ldots]$
OR M2 for $11.50-\frac{12.4}{1.12}$ oe or $11.50\times1.12-12.4$ oe
or M1 for $\frac{12.4}{1.12}$ soi by $11.07\ldots$

If 0 or M1 scored, SC1 for correct rounding to 2 dp from their more accurate answer

All question bank results loaded

Covered syllabus points

Question 1

Question 2

Question 3