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AI SL ยท 12.2 Finance ยท Exam review

Approximation review

16 exam-style questions, easiest to hardest. The first few are warm-ups. The last one is the long, demanding one.

  • 120 marks
  • about 2 h
  • Syllabus 1.6 rounding, bounds, percentage error, estimation; 1.1 standard form

You need: Rounding, bounds, percentage error. Also standard form (questions 3, 7c, 11c), the volume of a cylinder (9, 16), Pythagoras and right-angled trigonometry (12), compound interest (14) and sequences (15).

Goes with: 12.2.4 Rounding and percentage error

On paper

Question by question

Each question is on the site with its worked solution and mark scheme behind a Show button. Sign in to open them. Got one wrong? Try its sister: the same skill with new numbers.

QWhat it testsMarksOpenSister
1 Decimal places and significant figures 2 NUMB-L1-0028 NUMB-L1-0032
2 Percentage error; over or under 3 NUMB-L1-0030 NUMB-L1-30
3 Calculating in standard form 6 NUMB-L2-48 NUMB-L2-68
4 Upper bounds; is 20 m enough? 5 NUMB-L2-40 NUMB-L2-83
5 Estimating by rounding; when it is appropriate 7 NUMB-L2-27 NUMB-L2-76
6 Greatest speed: upper รท lower bound 7 NUMB-L3-29 NUMB-L3-0038
7 % error, 3 s.f., standard form 5 APPR-L2-0002 APPR-L2-39
8 Fraction for โˆš2; which is more accurate 6 APPR-L2-0003 APPR-L2-29
9 Upper bound, largest volume, % error 6 APPR-L2-0001 APPR-L2-0004
10 Working back from a 4% error 5 APPR-L3-0003 APPR-L3-14
11 Rounded conversion factor, maximum area 8 APPR-L3-0001 APPR-L3-0008
12 Bounds through Pythagoras; show it is legal 7 APPR-L3-0002 APPR-L3-62
13 Rule of thumb v actual time; units 9 APPR-L3-0005 APPR-L3-86
14 Savings: estimate, bound of a rate, decision 12 APPR-L3-0006 APPR-L3-27
15 Sequences with rounding, bounds and % error 17 APPR-L3-0007 APPR-L3-15
16 Tank: bounds of a volume, largest % error 15 APPR-L4-0001 APPR-L4-0002