NSC Mathematical Literacy Banking, interest and tax: In South Africa many families so

Question

In South Africa many families solely depend on social grants to sustain their livelihood. Nobuzwe, a 78-year-old grandmother lives with her four grandchildren and answers the questions that follow.

TABLE 1: MONTHLY SOCIAL GRANTS FOR FINANCIAL YEARS 2015/2016 AND 2016/2017 PER INDIVIDUAL

Types of social grants	2015/2016 (in Rand)	2016/2017 (in Rand)
State old age: (60–75 years)	R 1 415	R 1 505
State old age: (over 75 years)	R 1 435	R 1 525
War Veterans	R 1 435	R 1 525
Disability	R 1 435	R 1 525
Foster Care	R 860	R 950
Care Dependency	R 415	R 500
Child Support	R 330	R 400

1. Identify the social grant that increased the least over the two financial years.

2. Two of her four grandchildren received a child support grant. Calculate the total amount of social grant that the grandchildren receive monthly for the 2016/2017 financial year.

3. The War Veterans’ social grant was increased by 6.27% at the end of the 2015/2016 financial year. Calculate the monthly amount to the nearest rand.

In South Africa many families solely depend on social grants to sustain their livelihood - NSC Mathematical Literacy - Question 2 - 2017 - Paper 1

Worked Solution & Example Answer:In South Africa many families solely depend on social grants to sustain their livelihood - NSC Mathematical Literacy - Question 2 - 2017 - Paper 1

Identify the social grant that increased the least over the two financial years.

Calculate the total amount of social grant that the grandchildren receive monthly for the 2016/2017 financial year.

The War Veterans’ social grant was increased by 6.27% at the end of the 2015/2016 financial year. Calculate the monthly amount to the nearest rand.

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