Money — Paper 2 · IGCSE Mathematics 0580

3 At 05 06 Mr Ho bought 850 fish at a fish market for $2.62 each. 95 minutes later he sold them all to a supermarket for $2.86 each. (a) What was the time when he sold the fish? Answer(a) [1] (b) Calculate his total profit. Answer(b) $ [1]

2 marks

Mark scheme: 3 (a) 06 41 1 Allow 6.41(am). 6:41 and 06:41 Not 6h41m or 641h or 6.41pm (b) $204 1

This question in 0580/21 May/June 2009

11 In January Sunanda changed £25 000 into dollars when the exchange rate was $1.96 = £1. For In June she changed the dollars back into pounds when the exchange rate was $1.75 = £1. Examiner's Calculate the profit she made, giving your answer in pounds (£). Use Answer £ [3]

3 marks

Mark scheme: 11 £3000 3 M1 1.96 × 25000 M1 “49000” / 1.75

This question in 0580/21 May/June 2009

14 Zainab borrows $198 from a bank to pay for a new bed. The bank charges compound interest at 1.9 % per month. Calculate how much interest she owes at the end of 3 months. Give your answer correct to 2 decimal places. Answer $ [3]

3 marks

Mark scheme: 14 $11.50 3 M1 198 × r3 r can be anything dep M1 r = 1.019 and subtracting 198 SC2 209.50 on answer line IGCSE – October/November 2009 0580 21

This question in 0580/21 Oct/Nov 2009

8 During her holiday, Hannah rents a bike. She pays a fixed cost of $8 and then a cost of $4.50 per day. Hannah pays with a $50 note and receives $10.50 change. Calculate for how many days Hannah rents the bike. Answer days [3]

3 marks

Mark scheme: 8 7 cao 3 B1 for 39.5(0) or 31.5(0) or 42 M1 for (their 39.5 – 8) ÷ 4.5 or (their 42 – 10.5) ÷ 4.5

This question in 0580/23 May/June 2012

14 Bruce invested $420 at a rate of 4% per year compound interest. Calculate the total amount Bruce has after 2 years. Give your answer correct to 2 decimal places. Answer $ … [3] _____________________________________________________________________________________

3 marks

Mark scheme: 14 454.27 cao final answer 3 M1 for 420 × (1+ 1004 )2 oe and A1 for 454 or 454.2 to 454.3 or SC2 for answer 34.27 or SC1 for answer 34.2 to 34.3

This question in 0580/21 May/June 2013

1 Sheila can pay her hotel bill in Euros (€) or Pounds (£). For Examiner′s The bill was €425 or £365 when the exchange rate was £1 = €1.14 . Use In which currency was the bill cheaper? Show all your working. Answer … [2] _____________________________________________________________________________________

2 marks

Mark scheme: Qu Answers Mark Part Marks 1 £ or pound[s] 2 M1 for 425 ÷ 1.14 or 365 × 1.14 Correct working must be shown 30 k

This question in 0580/23 May/June 2013

13 Pam wins the student of the year award in New Zealand. For Examiner′s She sends three photographs of the award ceremony by post to her relatives. Use ● one of size 13 cm by 23 cm to her uncle in Australia ● one of size 15 cm by 23 cm to her sister in China ● one of size 23 cm by 35 cm to her mother in the UK Maximum lengths Australia Rest of the world 13 cm by 23.5 cm $1.90 $2.50 15.5 cm by 23.5 cm $2.40 $2.90 23 cm by 32.5 cm $2.80 $3.40 26 cm by 38.5 cm $3.60 $5.20 The cost of postage is shown in the table above. Use this information to calculate the total cost. Answer $ … [3] _____________________________________________________________________________________

3 marks

Mark scheme: 13 10[.00] 3 M2 for 1.90 and 2.90 and 5.20 only or M1 for two of 1.90, 2.90, 5.20 in a list of three or two values from the table  .3 40 + .5 20  or SC1 FOR 1.90, 2.90, 4.30 from  2 

This question in 0580/22 Oct/Nov 2013

23 In one week, Neha spends x hours cooking and y hours cleaning. The time she spends cleaning is at least equal to the time she spends cooking. This can be written as y H x. She spends no more than 16 hours in total cooking and cleaning. She spends at least 4 hours cooking. (a) Write down two more inequalities in x and/or y to show this information. … … [2] (b) Complete the diagram to show the three inequalities. Shade the unwanted regions. y y = x 18 16 14 12 Hours 10 cleaning 8 6 4 2 x 0 2 4 6 8 10 12 14 16 18 Hours cooking [3] (c) Neha receives $10 for each hour she spends cooking and $8 for each hour she spends cleaning. Work out the largest amount she could receive. $ … [2]

7 marks

Mark scheme: 23(a) x + y ⩽ 16 oe 2 B1 for each mark final answers x ⩾ 4 oe If zero scored, SC1 for x + y < 16 and x > 4 23(b) Correct shading 3 M2 for lines at x = 4 and x + y = 16 or for correct shading of x < 4 or x + y > 16 or M1 for line at x = 4 or their x = 4 or for line at x + y = 16 or their x + y = 16 23(c) 144 2 M1 for (8, 8) selected or for 10 × x + 8 × y for any numerical point which is inside or on the boundary of their unshaded region

This question in 0580/21 Oct/Nov 2017

21 400 360 320 280 Value of 240investment ($) 200 160 120 80 40 0 0 4 8 12 16 20 24 28 32 36 40 44 48 52 56 60 Number of years When Heidi was born, her grandfather invested some money in an account that paid compound interest. The graph shows the exponential growth of this investment. (a) Use the graph to find (i) the original amount of money invested, $ … [1] (ii) the number of years it took for the original amount to double, … years [1] (iii) the value of the investment after 54 years. $ … [1] (b) This account earned compound interest at a rate of r % per year. Use your answers to part (a)(i) and part (a)(ii) to write down an equation in terms of r. You do not have to solve your equation. … [2]

5 marks

Mark scheme: 21(a)(i) 20 1 21(a)(ii) 14 1 FT part (i) providing 20 < part (i) ⩽40 21(a)(iii) 280 1 21(b) 14 2 FT 2 marks for  r  2[× 20] = [20] 1 + oe isw their(a)(ii)    r   100  2[their (a)(i)]=[their (a)(i)]  1 +   100  M1 for n(x)14 or n(x)their(a)(ii) oe seen isw

This question in 0580/21 Oct/Nov 2018

2 Jodi swims 22 lengths of a swimming pool to raise money for charity. She receives $15 for each length she swims. Calculate how much money Jodi raises for charity. $ … [1]

1 marks

Mark scheme: 2 330 1

This question in 0580/22 Feb/March 2019

15 Esme buys x magazines at $2.45 each and y cards at $3.15 each. (a) Write down an expression, in terms of x and y, for the total cost, in dollars, of the magazines and the cards. $ … [2] (b) Esme spends $60.55 in total. She buys 8 magazines. How many cards does she buy? … [2]

4 marks

Mark scheme: 15(a) 2.45x + 3.15y final answer 2 B1 for one correct term in final answer If 0 scored, SC1 for 245x + 315y 15(b) 13 2 M1 for 60.55 – 2.45 × 8 oe

This question in 0580/22 Oct/Nov 2019

5 Thor changes 40 000 Icelandic Krona into dollars when the exchange rate is 1 krona = $0.0099 . Work out how many dollars he receives. $ … [1]

1 marks

Mark scheme: 5 396 1

This question in 0580/23 Oct/Nov 2020

6 Maria buys n pencils that cost p cents each. She pays with a $y note. Find, in terms of n, p and y, the amount of change Maria receives. Give your answer in cents. … cents [2]

2 marks

Mark scheme: 6 100y – np 2 B1 for 100y seen or for answer [10k] y – np

This question in 0580/23 May/June 2021

5 Angelique rents a room for a party. The cost of renting the room is $15.50 for the first hour and then $7.25 for each additional hour. She pays $95.25 in total. Work out the total number of hours she rents the room for. … hours [3]

3 marks

Mark scheme: 5 12 3 M2 for (95.25 – 15.5) ÷ 7.25 oe or (95.25 – (15.5 – 7.25)) ÷ 7.25 oe or M1 for 95.25 – 15.5 or B1 for 79.75

This question in 0580/22 Oct/Nov 2021

3 Figs cost 43 cents each. Lyra has $5 to buy some figs. Calculate the largest number of figs Lyra can buy and the amount of change, in cents, she receives. … figs and … cents change [3]

3 marks

Mark scheme: 3 11 27 3 M1 for 500 ÷ 43 oe M1 for 500  their 11  43 oe their 11 must be an integer from 2 to 11

This question in 0580/22 May/June 2022

4 Shubhu invests $750 in a savings account for 5 years. The account pays simple interest at a rate of 1.8% per year. Calculate the total interest she earns during the 5 years. $ … [2]

2 marks

Mark scheme: 4 67.5[0] 2 750  1.8 5  M1 for oe 100

This question in 0580/23 Oct/Nov 2023

2 A gardener charges $6.55 for each hour he works plus a fixed charge of $15.50 . Calculate the total amount he charges when he works for 4 hours. $ … [2]

2 marks

Mark scheme: 2 41.7[0] 2 M1 for 6.55 × 4 + 15.5

This question in 0580/22 May/June 2024

3 Sally invests $1500 at 3% per year simple interest. Work out the total value of her investment at the end of 6 years. $ … [3]

3 marks

Mark scheme: 3 1770 3 B2 for 270 1500 3 6 or M2 for 1500 + 100 1500  3  6  or M1 for 100

This question in 0580/21 May/June 2025

8 Kemi buys p pens that each cost 40 cents. She pays with $20. Write an expression, in terms of p, for the change, in cents, Kemi receives from the $20. … cents [2]

2 marks

Mark scheme: 8 2000 – 40p final answer 2 B1 for 40p or 0.4p in final answer or 2000 – 40p seen then spoilt

This question in 0580/22 Oct/Nov 2025