Finance & Rates
Budgeting & Substitution
In UOJMC questions, you are often given a large set of data or a physics formula and expected to extract exactly what you need.
Kaia has the following weekly expenses. Assume her income perfectly matches her expenses each week.
The amount of power $p$ (in watts) is determined by $p = vi$, where $v$ is voltage and $i$ is current.
Knowledge Check
1. What is Kaia's total income per week?
2. What percentage of Kaia's budget is her mortgage? (Round to 2 decimal places)
3. If a circuit requires 70W of power, and current is fixed at 5A, how much voltage ($v$) is required?
1. Add all expenses: \$270+60+60+90+60+25+40+60+50+60 = \$775.
2. Mortgage / Total = $270 \div 775 = 0.34838...$ which is 34.84%.
3. Use $p=vi$. Substitute values: $70 = v \times 5$. Divide by 5: $v = $ 14.
Stats, Sets & Logic
Venn Diagrams & Averages
You must be able to translate English paragraphs into mathematical sets, and calculate standard averages from raw data.
1000 Year 9 students are surveyed.
- 15% play cricket.
- 20% play tennis.
- 1 in 8 play touch rugby.
Hint: You are also told that exactly a quarter of the tennis players also play cricket.
Fred measures his plant's daily growth (in mm) over a week:
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
| 7 | 6 | 2 | 7 | 6 | 4 | 3 |
Knowledge Check
1. How many students play touch rugby?
2. How many play cricket BUT NOT tennis?
3. What was the TOTAL plant growth (mm)?
4. What was the AVERAGE (mean) daily growth?
1. 1 in 8 students: $1000 \div 8 =$ 125.
2. Total Tennis = 200. A quarter play both ($200 \div 4 = 50$). Total Cricket = 150. Cricket ONLY = $150 - 50 =$ 100.
3. Sum the days: $7+6+2+7+6+4+3 =$ 35.
4. Mean = Total $\div$ Number of days: $35 \div 7 =$ 5.
Boss Level: Tables & Probability
Tama's Jewellery Store
This challenge tests your ability to read a table, infer missing unit values, and calculate probability fractions.
| Item Type | Number Sold | Total Profit |
|---|---|---|
| Bracelets | 18 | \$270 |
| Rings | 23 | \$460 |
| Necklaces | 13 | \$169 |
| Anklets | 5 | \$40 |
Assume that for each type of jewellery, the exact same profit is made on every individual item of that type sold.
The Final Gauntlet
1. What is the grand total profit made during that day?
2. Quinn buys exactly ONE of each item. How much profit does Tama make from Quinn?
3. Jenny picks one item sold at random. What is the probability she picks a ring? (State as a fraction).
1. Sum the profit column: \$270+460+169+40 = \$939.
2. Calculate profit per item: Bracelet (\$270/18=15$), Ring (\$460/23=20$), Necklace (\$169/13=13$), Anklet (\$40/5=8$). Sum them: $15+20+13+8 =$ \$56.
3. Total items sold = $18+23+13+5=59$. Number of rings = $23$. Fraction is 23 / 59.
Homework Circuit
1. Budget & Finance
Leo's weekly expenses are: Rent \$300, Groceries \$120, Transport \$50, Utilities \$80, Insurance \$40, Entertainment \$70, Savings \$100. Assume his weekly income exactly matches his total expenses.
2. Sets & Logic
800 students are surveyed about sports. 25% play Basketball, 30% play Soccer, and 1 in 10 play Hockey. You are also told that exactly $\frac{1}{5}$ of the Soccer players also play Basketball.
3. Practical Arithmetic
6 friends share \$50 cash equally. Because the smallest physical coin available in New Zealand is the 10c coin, they each receive the maximum equal amount possible in physical cash.
4. Compound Interest
\$5,000 is invested at an interest rate of 8% per year, compounded annually. No money is added or taken out.
5. Data Analysis
A weather station records the following daily rainfall (in mm) over 7 days:
5, 8, 2, 5, 10, 0, 5
6. Tables & Probability
| Item Type | Number Sold | Total Profit |
|---|---|---|
| Muffins | 20 | \$80 |
| Croissants | 15 | \$75 |
| Donuts | 10 | \$30 |
Assume for each type of item, the exact same profit is made on every individual item sold.
7. Formula Substitution
Electrical power $p$ (in watts) is calculated using the formula $p = vi$, where $v$ is voltage and $i$ is current.
8. Simple Probability
A single letter is chosen at random from the word MATHEMATICS.
Marking Schedule
1b: $300 \div 760 = 0.3947... \rightarrow$ 39.47%.
2b: Total Soccer = 240. $\frac{1}{5}$ of 240 = 48 play both. $240 - 48 =$ 192.
6b: 10 Donuts $\div$ 45 total items = 10/45 or 2/9.