AQA Paper 2 2024 June — Question 7 5 marks

Exam BoardAQA
ModulePaper 2 (Paper 2)
Year2024
SessionJune
Marks5
PaperDownload PDF ↗
Mark schemeDownload PDF ↗
TopicGeometric Sequences and Series
TypeTotal over time period
DifficultyModerate -0.3 This is a straightforward geometric series application with scaffolding. Part (a) is trivial pattern continuation (1 mark). Part (b)(i) requires recognizing a GP and applying the sum formula with n=120, which is standard A-level technique. Part (b)(ii) asks for a simple real-world explanation (interest rates may change). The question guides students through the setup and requires only routine application of series formulas, making it slightly easier than average.
Spec1.04i Geometric sequences: nth term and finite series sum1.04j Sum to infinity: convergent geometric series |r|<1

On the first day of each month, Kate pays £50 into a savings account. Interest is paid on the total amount in the account on the last day of each month. The interest rate is 0.2% At the end of the \(n\)th month, the total amount of money in Kate's savings account is £\(T_n\) Kate correctly calculates \(T_1\) and \(T_2\) as shown below: \(T_1 = 50 \times 1.002 = 50.10\) \(T_2 = (T_1 + 50) \times 1.002\) \(= ((50 \times 1.002) + 50) \times 1.002\) \(= 50 \times 1.002^2 + 50 \times 1.002\) \(\approx 100.30\)
  1. Show that \(T_3\) is given by $$T_3 = 50 \times 1.002^3 + 50 \times 1.002^2 + 50 \times 1.002$$ [1 mark]
  2. Kate uses her method to correctly calculate how much money she can expect to have in her savings account at the end of 10 years.
    1. Find the amount of money Kate expects to have in her savings account at the end of 10 years. [3 marks]
    2. The amount of money in Kate's savings account at the end of 10 years may not be the amount she has correctly calculated. Explain why. [1 mark]

Question 7:

AnswerMarks
7(a)Obtains
50×1.002 3 +50×1.002 2 +50×1.002
with
( )
50×1.002 2 +50×1.002+50 ×1.002
AnswerMarks Guidance
or better seen2.1 R1
T = 50×1.002 2 +50×1.002+50 ×1.002
3
=50×1.002 3 +50×1.002 2 +50×1.002
AnswerMarks Guidance
Subtotal1
QMarking instructions AO

AnswerMarks
7(b)(i)Models the total as the sum to n
terms of a geometric sequence
Evidence for this could include
at least two of a, r or n
substituted into sum formula
a = 50.1, r = 1.002,
n = 120
Condone a = 50 or
n = 10 or 119
PI by AWRT 6724, 6737, 6801
AnswerMarks Guidance
or 505.533.3 M1
50.1 1−1.002 120
T =
120 1−1.002
=6787.1595...

Total in account = £ 6 787

Forms the correct expression for
the correct total
( )
50.1 1−1.002 120
( =)
T or
120 1−1.002
120
∑50×1.002x
AnswerMarks Guidance
x=13.3 A1
Obtains
AnswerMarks Guidance
£6 787, £6 787.15 or £6 787.163.2a A1
Subtotal3
QMarking instructions AO

AnswerMarks
7(b)(ii)Makes a reasonable comment in
context. For example:
The interest rate is unlikely to
remain fixed.
Or
May have needed to withdraw
some amount.
Or
May change the monthly
AnswerMarks Guidance
payments.3.5b E1
fixed for the whole 10 years
AnswerMarks Guidance
Subtotal1
Question 7 Total5
QMarking instructions AO
Question 7:
--- 7(a) ---
7(a) | Obtains
50×1.002 3 +50×1.002 2 +50×1.002
with
( )
50×1.002 2 +50×1.002+50 ×1.002
or better seen | 2.1 | R1 | ( )
T = 50×1.002 2 +50×1.002+50 ×1.002
3
=50×1.002 3 +50×1.002 2 +50×1.002
Subtotal | 1
Q | Marking instructions | AO | Marks | Typical solution
--- 7(b)(i) ---
7(b)(i) | Models the total as the sum to n
terms of a geometric sequence
Evidence for this could include
at least two of a, r or n
substituted into sum formula
a = 50.1, r = 1.002,
n = 120
Condone a = 50 or
n = 10 or 119
PI by AWRT 6724, 6737, 6801
or 505.53 | 3.3 | M1 | ( )
50.1 1−1.002 120
T =
120 1−1.002
=6787.1595...
Total in account = £ 6 787
Forms the correct expression for
the correct total
( )
50.1 1−1.002 120
( =)
T or
120 1−1.002
120
∑50×1.002x
x=1 | 3.3 | A1
Obtains
£6 787, £6 787.15 or £6 787.16 | 3.2a | A1
Subtotal | 3
Q | Marking instructions | AO | Marks | Typical solution
--- 7(b)(ii) ---
7(b)(ii) | Makes a reasonable comment in
context. For example:
The interest rate is unlikely to
remain fixed.
Or
May have needed to withdraw
some amount.
Or
May change the monthly
payments. | 3.5b | E1 | The interest rate is unlikely to remain
fixed for the whole 10 years
Subtotal | 1
Question 7 Total | 5
Q | Marking instructions | AO | Marks | Typical solution
On the first day of each month, Kate pays £50 into a savings account.

Interest is paid on the total amount in the account on the last day of each month.

The interest rate is 0.2%

At the end of the $n$th month, the total amount of money in Kate's savings account is £$T_n$

Kate correctly calculates $T_1$ and $T_2$ as shown below:

$T_1 = 50 \times 1.002 = 50.10$

$T_2 = (T_1 + 50) \times 1.002$
$= ((50 \times 1.002) + 50) \times 1.002$
$= 50 \times 1.002^2 + 50 \times 1.002$
$\approx 100.30$

\begin{enumerate}[label=(\alph*)]
\item Show that $T_3$ is given by
$$T_3 = 50 \times 1.002^3 + 50 \times 1.002^2 + 50 \times 1.002$$
[1 mark]

\item Kate uses her method to correctly calculate how much money she can expect to have in her savings account at the end of 10 years.

\begin{enumerate}[label=(\roman*)]
\item Find the amount of money Kate expects to have in her savings account at the end of 10 years.
[3 marks]

\item The amount of money in Kate's savings account at the end of 10 years may not be the amount she has correctly calculated.

Explain why.
[1 mark]
\end{enumerate}
\end{enumerate}

\hfill \mbox{\textit{AQA Paper 2 2024 Q7 [5]}}