Mike and Huia are planning to travel to England for a holiday. They plan to be in England for three months, and during that time take a three-week bus tour through France and Spain.
This activity requires you to calculate the amount of money Mike and Huia will need to save for their trip and how long it will take them to save it.
You will work independently to complete this activity.
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.
Use the following information to find out how much money Mike and Huia will need to save and how long it will take them to save it.
· Mike and Huia estimate that for each day they are in England, between them they will need on average NZ$250 (to the nearest $50) when they are not on the bus trip.
· Huia earns $850 each week. Mike earns $790 each week. Huia is able to save two fifths of her income and Mike 35% of his income to put towards the trip.
· The cost for the return air tickets is $2500 each.
· The cost of travel insurance is $385 plus GST (15%) for the two of them.
· The three-week bus trip costs 2000 Great Britain pounds per person.
· Great Britain pounds are used as currency in England.
· The Exchange rate is: 1 NZ Dollar = 0.5091 GB Pound (April 2012).
Step One: Put the pieces that match with each other.
Huia earns $850 each week. Huia is able to save two fifths of her income to put towards the trip.
Mike earns $790 each week. Mike 35% of his income to put towards the trip.
Step Two: Work out Huia's contribution. (This is a fraction question).
Step Three: Work out Mike's contribution. (This is a percentage question).
Step Four: Add their contributions together.