Date: SEPTEMBER
Time: 1 HOUR
Marks: 55
Grade: 11
Subject: MATHEMATICAL LITERACY
Paper: TERM TEST 1
Name and Surname:
Instructions and Information
• Answer all the questions.
• Write neatly and legibly.
• Use your calculator where necessary.
• Show all workings and write your answers in full.
• Round answers where instructed.
• The use of a non-programmable calculator is permitted.
• The total time for the test is 1 hour and the test counts 55 marks.
Main Topics of the Test
• Loans and Finance
• Probability and Data Interpretation
• Surface Area, Volume, and Paint Calculations
• Water Tariffs and Consumption Costs
• Data Analysis from a Bar Graph
Pg 1/6 www.summariessa.co.za Author: CHR SMI
Grade: 11 Subject: MATH LIT Date: SEPT 2025
, QUESTION 1: LOANS AND FINANCE
Mr Smith took out a personal loan from FinBank in 2019.
Final
Loan account Loan product Start date of
Borrower instalment
number name loan
due date
Flexi Personal
30576291 J. Smith 01/03/2019 28/02/2024
Loan Plan
Loan balance and settlement summary as at 15 April 2023
Description Amount
Outstanding capital R5 800,00
Early settlement fee (A)
Settlement amount R6 125,00
Monthly loan details
Next interest review
Current instalment Annual interest rate
date
R540,00 12,5% 01/03/2024
Summary of previous payments
Description Amount
Total amount repaid R19 500,00
Interest paid to date R4 275,00
Original loan amount R25 000,00
1.1 Use the loan statement above to answer the following questions:
1.1.1 Write down the name of the loan product Mr Smith used. (1)
1.1.2 Calculate the total amount Mr Smith still owes (capital plus
settlement fee). (2)
1.1.3 Calculate the value of A, the early settlement fee, using the
information provided. (2)
1.1.4 Calculate the percentage of the original loan amount that Mr Smith
has already repaid. Round your answer to one decimal place. (3)
1.1.5 Give one reason why the total amount Mr Smith has paid is higher
than the original loan amount. (2)
Pg 2/6 www.summariessa.co.za Author: CHR SMI
Grade: 11 Subject: MATH LIT Date: SEPT 2025
Time: 1 HOUR
Marks: 55
Grade: 11
Subject: MATHEMATICAL LITERACY
Paper: TERM TEST 1
Name and Surname:
Instructions and Information
• Answer all the questions.
• Write neatly and legibly.
• Use your calculator where necessary.
• Show all workings and write your answers in full.
• Round answers where instructed.
• The use of a non-programmable calculator is permitted.
• The total time for the test is 1 hour and the test counts 55 marks.
Main Topics of the Test
• Loans and Finance
• Probability and Data Interpretation
• Surface Area, Volume, and Paint Calculations
• Water Tariffs and Consumption Costs
• Data Analysis from a Bar Graph
Pg 1/6 www.summariessa.co.za Author: CHR SMI
Grade: 11 Subject: MATH LIT Date: SEPT 2025
, QUESTION 1: LOANS AND FINANCE
Mr Smith took out a personal loan from FinBank in 2019.
Final
Loan account Loan product Start date of
Borrower instalment
number name loan
due date
Flexi Personal
30576291 J. Smith 01/03/2019 28/02/2024
Loan Plan
Loan balance and settlement summary as at 15 April 2023
Description Amount
Outstanding capital R5 800,00
Early settlement fee (A)
Settlement amount R6 125,00
Monthly loan details
Next interest review
Current instalment Annual interest rate
date
R540,00 12,5% 01/03/2024
Summary of previous payments
Description Amount
Total amount repaid R19 500,00
Interest paid to date R4 275,00
Original loan amount R25 000,00
1.1 Use the loan statement above to answer the following questions:
1.1.1 Write down the name of the loan product Mr Smith used. (1)
1.1.2 Calculate the total amount Mr Smith still owes (capital plus
settlement fee). (2)
1.1.3 Calculate the value of A, the early settlement fee, using the
information provided. (2)
1.1.4 Calculate the percentage of the original loan amount that Mr Smith
has already repaid. Round your answer to one decimal place. (3)
1.1.5 Give one reason why the total amount Mr Smith has paid is higher
than the original loan amount. (2)
Pg 2/6 www.summariessa.co.za Author: CHR SMI
Grade: 11 Subject: MATH LIT Date: SEPT 2025
