Question: User: Mathematical Literacy/TEST 2 Grade 11 3 TERM 3 FSDoE/September 2025 QUESTION 1 1.1 In TABLE 1 below is a list of explanations and definitions of concepts used in Mathematical Literacy. TABLE 1: EXPLANATIONS AND DEFINITIONS OF CONCEPTS A A record of information about remuneration. B When the income is bigger than the expenses. C The percentage change in the cost of goods from one year to another. D A plan that shows the layout of a building as seen from above. E When the expenses are bigger than the income. F A plan that shows how items are arranged in a certain space. G The method whereby interest is calculated on the principal amount of money that was invested/borrowed plus on any interest accrued. H A measure of change in the purchasing power of money over time. Use the information above to write down the letter of the explanation or definition (A to H) of each of the following concepts: 1.1.1 Inflation (2) 1.1.2 Floor plan (2) 1.1.3 Compound Interest (2) 1.1.4 Profit (2)

1. **Problem Statement:** Identify the correct letter (A to H) from TABLE 1 that matches each concept. 2. **Concepts and Matching Definitions:** - **Inflation:** This is related to the change in purchasing power or cost of goods over time. - **Floor plan:** This is a plan showing the layout of a building from above. - **Compound Interest:** This involves interest calculated on principal plus accrued interest. - **Profit:** This occurs when income is greater than expenses. 3. **Matching each concept with the correct letter:** - Inflation corresponds to **H**: "A measure of change in the purchasing power of money over time." - Floor plan corresponds to **D**: "A plan that shows the layout of a building as seen from above." - Compound Interest corresponds to **G**: "The method whereby interest is calculated on the principal amount of money that was invested/borrowed plus on any interest accrued." - Profit corresponds to **B**: "When the income is bigger than the expenses." 4. **Final answers:** - 1.1.1 Inflation: **H** - 1.1.2 Floor plan: **D** - 1.1.3 Compound Interest: **G** - 1.1.4 Profit: **B** This completes the matching of concepts to their definitions.