Using and Managing Data and Information

BA3020QA

Assignment 1 (Nov20 cohort) – RESIT

Note to students:

There are FIVE tasks and you are expected to answer all of them. Answer each task on a separate worksheet on the same Excel file.

The deadline for this assignment is Thursday 21st October 2021 before 3pm. The submission is via the link on Weblearn in the Assessments folder.

Task 1 (10 marks)

Use Excel as a calculator to evaluate the following calculations. For each calculation you should provide the formula you have used (1 decimal place)

a. 34.2 -16.8 x 6.3

b.

c. (369 – 173 / 4) ÷ 68 x (2.3)4

d. 34.78 – (5.63)2

34.78 ÷ 53

e. (2864 – (143 x 36)/3

Task 2 (10 marks)

Use the Excel formatting facilities (show formulae) to answer the following questions:

a. Express 42.5% as a fraction in its simplest form.

b. Express 0.18 as a percentage.

c. 0.725 as a fraction in its simplest form.

d. Helen achieved 26/40 in a test. Express her result as a percentage.

e. Work out 4/9 ÷ 3/8, giving your answer as a fraction in simplest form.

Task 3 (10 marks)

Use Excel financial facilities to perform the following scenarios:

You need to show the financial formulae you have used in each case.

a. Calculate the total amount accrued after 5 years for saving a single amount of £10,000 in a bank account that pays interest of 3% per year. Assume that interest is calculated at the beginning of every year.

b. Calculate the monthly repayments for a 5 year loan of £20,000, with 4% interest per year. Repayments are made at the beginning of each month.

c. Calculate the total amount accrued after 10 years for regular monthly cash investments of £200 paid into a savings account at the beginning of each month and pays 3.25% interest per year.

d. Calculate the monthly repayments (payable at the end of each month) for a period of 25 years, for a mortgage of £250,000 at a fixed interest rate of 2.9% per year.

e. What is the single amount you need to save today so that you will have £30,000 in 5 years, if the saving rate is 4%? Assume that interest is applied to the account at the end of every year.

Task 4 (10 marks)

Use an Excel worksheet to setup one table to compare the UK Government spending for the two years. Calculate the amounts for each department (in £bn) for the following scenario:

Scenario

Total UK Government spending for the financial year 2020 was £874 bn. The sum is split between each of the departments as follows:

Pensions 18.4%

Healthcare 18.8%

Education 10.5%

Others 52.3%

Total UK Government spending for the financial year 2021 was estimated to be £908 bn. The sum is split between each of the departments as follows:

Pensions 18.5%

Healthcare 19.6%

Education 10.4%

Others 51.5%

By comparing the UK Government spending (£bn) in healthcare, work out the percentage increase for 2021 (show formula)

Task 5 (10 marks)

You are given the following employees’ information after their first six months at work. Enter the data as shown on an Excel spreadsheet and complete the following table:

Employee Holidays taken (days) Training completed (days) Logical Function

(Insert Formulapart c)

A 5 3

B 8 2

C 10 0

D 7 1

E 4 3

F 12 2

G 9 0

H 11 3

I 8 1

J 10 2

Number of Employees (Insert formulapart a) (Insert formulapart b)

a. Write down a function that will return the number of employees who have taken more than 10 days as holiday.

b. Write down a function that will return the number of employees who have completed less than 2 training days.

c. Write down a logical function with an “IF” statement to test whether an employee has taken more than 10 days as holiday and completed less than 2 training days. You should use “Yes” if the employee has taken more than 10 days as holiday and completed less than 2 training days.

Note: The functions you show in the table for questions a. to c. should be written using relative references to your spreadsheet rows and columns.

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