Aunt Lucy Maths Investigation

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Maths Coursework

Foundation Tier Task – Aunt Lucy

Plan

My plan is to calculate all four schemes in three five-year periods. Scheme A, B, C and D each last for 15 years. I will set the results using tables of data. Then I shall produce bar graphs to compare my results and evaluate what I have done.

The schemes are as follows: -

Scheme A

£100 to pay now, £90 to pay in a year’s time, £80 to pay in two year’s time, ect

Scheme B

£10 to pay now, £20 to pay in a year’s time, £30 to pay in two years time, ect

Scheme C

£10 to pay now, 1.5 of £10 to pay in a year’s time, 1.5 of £10 to pay in two years time, ect

Scheme D

£1 to pay now, £2 to pay in a year’s time, £4 to pay in two years time, ect

Prediction

I predict that Scheme C will have the highest income after the 15-year period. The other three schemes I predict will go in the following order: - Scheme B, Scheme D and Scheme A. Scheme making the least money and Scheme C making the most.

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Results

My Results show what happened in the three five year periods of all four Schemes.

P.T.O.

Scheme A                                Years 1 - 5

Scheme A                                Years 6 – 10

Scheme A                                Years 11 – 15

Scheme A can no longer exist because Aunt Lucy isn’t distributing any money.

Scheme B                                 Years 1 – 5

Scheme B                                Years 6 – 10

Scheme B                                Years 11 – 15

Scheme C                                Years 1 –5

Scheme C                                Years 6 – 10

Scheme C                                Years ...

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