get lost in russia 2023
Introduction
Dmitry and Czarina are planning to travel to Russia to visit family there. They plan to be in Russia for three months, (May, Jun, Jul) and during that time take a three week tour around Russia by bus.
This activity requires you to calculate the amount of money Dmitry and Czarina 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. If you are considering excellence, read the excellence section first - might save you some time.
Task
Use the following information to find out how much money Dmitry and Czarina will need to save and how long it will take them to save it.
Dmitry and Czarina are planning to travel to Russia to visit family there. They plan to be in Russia for three months, (May, Jun, Jul) and during that time take a three week tour around Russia by bus.
This activity requires you to calculate the amount of money Dmitry and Czarina 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. If you are considering excellence, read the excellence section first - might save you some time.
Task
Use the following information to find out how much money Dmitry and Czarina will need to save and how long it will take them to save it.
- Dmitry and Czarina estimate that for each day they are in Russia, between them they will need on average NZ$150 (to the nearest $20) when they are not on the tour.
- Dmitry earns $1060 each week. Czarina earns $990 each week. Dmitry is able to save one fifth of his income and Czarina, 32% of her income to put towards the trip.
- The cost for the return air tickets is $1900 each plus a 2.5% surcharge.
- The cost of travel insurance is $425 plus GST (15%) for the two of them.
- The three week tour costs 130732 Russian Rubles per person.
- Rubles are used as currency in Russia.
- The Exchange rate is: 1 NZ Dollar = 46.69 Ruble
ACHIEVED
INCOME
Dmitry's weekly savings:
1/5 x $1060 = $212.00
Czarina's weekly savings:
32/100 x $990 = $316.8
Total weekly savings:
$212+$316.8=$528.8
The Tour:
Two tickets
130732 x 2 / 46.69=NZ$5600.00
INCOME
Dmitry's weekly savings:
1/5 x $1060 = $212.00
Czarina's weekly savings:
32/100 x $990 = $316.8
Total weekly savings:
$212+$316.8=$528.8
The Tour:
Two tickets
130732 x 2 / 46.69=NZ$5600.00
MERIT:
EXPENSES:
Average daily spending:
May Jun and Jul = 31 + 30 + 31 = 92 days, take off 21 days for the bus trip = 71days
71 x $150 = $10650.00
Air Tickets:
$1900 x 2 for two tickets x 1.025
$1900 x 2 x 1.025 = $3895.00
Travel Insurance: ( This is for both of them so don't double it)
$425 x 15/100 = $63.75 or $425 x 1.15 = $488.75 (shortcut)
$425 + $63.75 = $488.75
The Tour: (from Achieved)
$5600
Total Costs or Expenditure:
$10650.00 +$3895.00 + $5600.00 +$488.75 = $20633.75
Total weekly savings:
$528.80
Time to save in weeks = Total Expenditure/Total Savings
= $20633.75/$528.80 = 39.0199 or 39.02 weeks but round up for goods and services
Or 40 whole weeks
It will take them approximately 40 weeks to save for the trip.
EXPENSES:
Average daily spending:
May Jun and Jul = 31 + 30 + 31 = 92 days, take off 21 days for the bus trip = 71days
71 x $150 = $10650.00
Air Tickets:
$1900 x 2 for two tickets x 1.025
$1900 x 2 x 1.025 = $3895.00
Travel Insurance: ( This is for both of them so don't double it)
$425 x 15/100 = $63.75 or $425 x 1.15 = $488.75 (shortcut)
$425 + $63.75 = $488.75
The Tour: (from Achieved)
$5600
Total Costs or Expenditure:
$10650.00 +$3895.00 + $5600.00 +$488.75 = $20633.75
Total weekly savings:
$528.80
Time to save in weeks = Total Expenditure/Total Savings
= $20633.75/$528.80 = 39.0199 or 39.02 weeks but round up for goods and services
Or 40 whole weeks
It will take them approximately 40 weeks to save for the trip.