get lost in london 2023
Hemi and Juliet are planning to travel to London for a holiday. They plan to be in London for two months, (June and July) and during that time take a two week tour bus tour through Scotland and Wales.
This activity requires you to calculate the amount of money Hemi and Juliet will need to save for their trip and how long it will take them to save it.
Show your calculations. Use correct mathematical statements. Clearly communicate your strategy and method at each stage of the solution. You will be assessed on the quality of your discussion and reasoning, and how well you link this to the context.
Task
Use the following information to find out how much money Hemi and Juliet will need to save and how long it will take them to save it.
· Hemi and Juliet estimate that for each day they are in London, between them they will need on average NZ$150 when they are not on the bus trip.
· Hemi earns $609 each week. Juliet earns $773 each week. Hemi is able to save one quarter of his income and Juliet 45% of her income to put towards the trip.
· The cost for the return air tickets is $1900 each. There is a 2.5% surcharge for credit card payment
· The cost of travel insurance is $240 plus GST (15%) for the two of them.
· The two week bus trip costs £900 British pounds per person.
· British pounds are used as currency in England Scotland and Wales.
· The Exchange rate is: 1 NZ Dollar = 0.47 British pounds
This activity requires you to calculate the amount of money Hemi and Juliet will need to save for their trip and how long it will take them to save it.
Show your calculations. Use correct mathematical statements. Clearly communicate your strategy and method at each stage of the solution. You will be assessed on the quality of your discussion and reasoning, and how well you link this to the context.
Task
Use the following information to find out how much money Hemi and Juliet will need to save and how long it will take them to save it.
· Hemi and Juliet estimate that for each day they are in London, between them they will need on average NZ$150 when they are not on the bus trip.
· Hemi earns $609 each week. Juliet earns $773 each week. Hemi is able to save one quarter of his income and Juliet 45% of her income to put towards the trip.
· The cost for the return air tickets is $1900 each. There is a 2.5% surcharge for credit card payment
· The cost of travel insurance is $240 plus GST (15%) for the two of them.
· The two week bus trip costs £900 British pounds per person.
· British pounds are used as currency in England Scotland and Wales.
· The Exchange rate is: 1 NZ Dollar = 0.47 British pounds
ACHIEVED
INCOME
Hemi's weekly savings:
1/4 x $609 = $152.25
Juliet's weekly savings:
45/100 x $773 = $347.85
Total weekly savings:
$152.25+$347.85=$500.10
The Bus Trip:
Two tickets
£900 x 2 = £1800.00
Convert to NZ dollars
1800/0.47=$3829.7872
=$3829.79
Merit:
EXPENSES:
Average daily spending:based on June and July
30+31 = 61 days at $150 per day but take off 14 days for the bus trip
61 - 14 = 47 days
47 x $150 = $7,050.00
Air Tickets: $1900 x 2 for two tickets
$1900 x 2 = $3800.00 plus 2.5% surcharge
3800 x 1.025 = $3895
Travel Insurance: ( This is for both of them so don't double it)
$240 x 15/100 = $36.00 or $240 x 1.15 = $276.0 (shortcut)
$240 + $36 = $276.00
Bus Trip Cost: (from Achieved)
$3829.79
Total Costs or Expenditure:
$3829.79+$3895.00 + $7,050.00 +$276.00 = $15050.79
Total weekly savings from Hemi and Juliet
$500.10
Time to save in weeks = Total Expenditure/Total Savings
= $15050.79/$500.10 = 30.11 weeks
Or 31 whole weeks
It will take them approximately 31 weeks to save for the trip
INCOME
Hemi's weekly savings:
1/4 x $609 = $152.25
Juliet's weekly savings:
45/100 x $773 = $347.85
Total weekly savings:
$152.25+$347.85=$500.10
The Bus Trip:
Two tickets
£900 x 2 = £1800.00
Convert to NZ dollars
1800/0.47=$3829.7872
=$3829.79
Merit:
EXPENSES:
Average daily spending:based on June and July
30+31 = 61 days at $150 per day but take off 14 days for the bus trip
61 - 14 = 47 days
47 x $150 = $7,050.00
Air Tickets: $1900 x 2 for two tickets
$1900 x 2 = $3800.00 plus 2.5% surcharge
3800 x 1.025 = $3895
Travel Insurance: ( This is for both of them so don't double it)
$240 x 15/100 = $36.00 or $240 x 1.15 = $276.0 (shortcut)
$240 + $36 = $276.00
Bus Trip Cost: (from Achieved)
$3829.79
Total Costs or Expenditure:
$3829.79+$3895.00 + $7,050.00 +$276.00 = $15050.79
Total weekly savings from Hemi and Juliet
$500.10
Time to save in weeks = Total Expenditure/Total Savings
= $15050.79/$500.10 = 30.11 weeks
Or 31 whole weeks
It will take them approximately 31 weeks to save for the trip