Question 16 — IGCSE 0580 Specimen 2025 Paper 31
Cambridge IGCSE Mathematics 0580, Core tier, calculator. Topic: Numbers · Ratio and proportion. Worth 8 marks.
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Question text
16 Jo and Mira buy a shop.
(a) They pay for the shop in the ratio Jo : Mira = 7 : 15.
Mira pays $84 000 more than Jo.
Work out how much they each pay.
Jo $ .....................................................
Mira $ .....................................................
[3]
(b) The shop makes a profit of $56 000.
Jo receives 12% of the profit.
Mira receives $14 000 of the profit.
The rest of the profit is put into a bank account.
(i) Calculate how much money Jo receives.
$ ............................................... [1]
(ii) Calculate the amount put into the bank account as a percentage of the profit.
............................................% [2]
(iii) Mira invests $14 000 at a rate of 2.4% per year compound interest.
Calculate the value of this investment at the end of 4 years.
$ ............................................... [2]
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