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Saving Estimation Reasonableness Assessment

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Saving Estimation Reasonableness Assessment

Estimate first, then decide whether each result makes sense. Show your calculations for written questions. Use 26 fortnights = 1 year and 12 months = 1 year.

Choose the most reasonable answer

Circle one option for each question.

1.Lachlan puts $250 into savings every fortnight. About how many fortnights will she need to save $6,000?
  • About 12 fortnights
  • About 24 fortnights
  • About 36 fortnights
  • About 60 fortnights
2.Hamish saves $180 each fortnight. He estimates that after one year he will have about $4,700. Is his estimate reasonable?
  • Yes. 26 fortnights at about $180 is close to $4,700.
  • Yes. 12 fortnights at $180 is close to $4,700.
  • No. One year has 52 fortnights, so he will have about $9,400.
  • No. $180 each fortnight is less than $1,000 for the year.
3.Luca needs $7,200 and saves $300 each fortnight. Which statement best checks his estimate of the time needed?
  • It is about 24 fortnights, which is just under one year.
  • It is about 24 weeks, which is just under six months.
  • It is about 12 fortnights, which is about one year.
  • It is about 36 fortnights, which is about three years.

Work it out and explain

Write your working and use the time-conversions grid where it helps.

1 year

12 months

1 year

26 fortnights

2 years

52 fortnights

4.Jai saves $160 each fortnight. Estimate how much she will save in one year. Show the multiplication you use.
5.Ethan wants to save $8,000 by putting aside $200 each fortnight. He says this will take about 20 months. Check whether his estimate is reasonable. Include the number of fortnights and an approximate time in months.
6.Evie hopes to save $12,000 in 18 months. Estimate the amount she would need to save each fortnight. Would saving $500 per fortnight be enough? Explain using an estimate.
7.Kai saves $275 per fortnight and says he will have $14,300 after two years. Decide whether this total is reasonable. Use a rounded estimate to check it.

2 printable pages

  • Saving Estimation Reasonableness Assessment, page 1 of 2: Choose the most reasonable answer

    Page 1

  • Saving Estimation Reasonableness Assessment, page 2 of 2: Work it out and explain

    Page 2

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