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Mathematical Literacy
Grade 10
Mopani East District
Assignment 2 (Task 5)
August 2024

QUESTION 1

1.1 The table below shows a list of terms and definitions of concepts used in Mathematical Literacy.

TABLE 1: LIST OF TERMS AND DEFINITIONS

\begin{tabular}{|c|c|c|c|}
\hline
\multirow[b]{2}{}{1.1.1} & \multirow{2}{}{\begin{tabular}{l}
TERM \\
Fixed \\
income
\end{tabular}} & \multicolumn{2}{|c|}{ DEFINITION } \\
\hline
& & A & \begin{tabular}{l}
The amount of money added to borrowed \\
money.
\end{tabular} \\
\hline
1.1.2 & Interest rate & B & \begin{tabular}{l}
An estimate of income and expenditure for a \\
set period.
\end{tabular} \\
\hline
1.1.3 & Interest & C & The percentage at which interest is charged \\
\hline
1.1.4 & Profit & D & \begin{tabular}{l}
The difference between the cost price and \\
the selling price
\end{tabular} \\
\hline
\multirow[t]{3}{*}{1.1.5} & Budget & E & \begin{tabular}{l}
It's an amount of money a person receives \\
that changes according to a situation
\end{tabular} \\
\hline
& & F & \begin{tabular}{l}
A compulsory levy imposed on citizens' \\
earnings or purchases to fund the activities \\
of the government
\end{tabular} \\
\hline
& & G & \begin{tabular}{l}
An amount of money received that stays the \\
same from month to month
\end{tabular} \\
\hline
\end{tabular}

Match the terms with the correct definitions. Example: 1.1.1 M
[10]



Answer :

GinnyAnswer
Let's carefully examine each term and its corresponding definition to match them correctly:

1. Fixed Income:
- Definition: An amount of money received that stays the same from month to month.
- From the provided table, this description matches definition G.

2. Interest Rate:
- Definition: The percentage at which interest is charged.
- From the provided table, this description matches definition C.

3. Interest:
- Definition: The amount of money added to borrowed money.
- From the provided table, this description matches definition A.

4. Profit:
- Definition: The difference between the cost price and the selling price.
- From the provided table, this description matches definition D.

5. Budget:
- Definition: An estimate of income and expenditure for a set period.
- From the provided table, this description matches definition B.

Now, let's summarize the matches for each term:
- 1.1.1 Fixed Income: G
- 1.1.2 Interest Rate: C
- 1.1.3 Interest: A
- 1.1.4 Profit: D
- 1.1.5 Budget: B

So, the final answer is:
- 1.1.1: G
- 1.1.2: C
- 1.1.3: A
- 1.1.4: D
- 1.1.5: B