A property worth 500,000 appreciates by 12% in the first year and depreciates by 8% in the second year. What is the value at the end of the two years? In a law firm of 60 staff, 35% are qualified lawyers , 25% are paralegals and the rest are administrative staff . How many administrative staff are there? A client pays a 30% deposit on a legal fee of 18,000 . If he later pays half of the outstanding balance,how much does he still owe. A limitation period of 6 years begins on 14th march, 2018, on what date does it expire and how many complete calendar years remain as of 1 January 2023. A court sits 5 days a week for 8 cases per day . At this rate how many weeks will it take to clear a backlog of 480 cases?
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2 partsStep-by-step solution
2 stepsHere are the solutions to your questions:
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Property value calculation
Step 1: Calculate the value after the first year's appreciation.
The property appreciates by .Step 2: Calculate the value after the second year's depreciation.
The property depreciates by from the value at the end of the first year.The value at the end of the two years is .
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Administrative staff count
Step 1: Calculate the total percentage of qualified lawyers and paralegals.
Step 2: Calculate the percentage of administrative staff.
Step 3: Calculate the number of administrative staff.
There are .
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Outstanding legal fee
Step 1: Calculate the deposit amount.
The legal fee is 18,000, and the deposit is .Step 2: Calculate the outstanding balance after the deposit.
Step 3: Calculate the amount paid later.
The client pays half of the outstanding balance.Step 4: Calculate the remaining amount owed.
The client still owes .
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Limitation period
Part a
On what date does it expire?
The limitation period begins on March 14, 2018, and lasts for 6 years.
Adding 6 years to March 14, 2018, gives March 14, 2024.
The limitation period expires on $\boxed{\text{March 14, 2024}}$.
Part b
How many complete calendar years remain as of 1 January 2023?
The expiry date is March 14, 2024.
As of January 1, 2023, the year 2023 is a full calendar year that remains before the expiry. The year 2024 is not a complete calendar year as the period expires in March.
There is $\boxed{\text{1 complete calendar year}}$.
5. Court backlog clearance
Calculate the number of cases cleared per week.
The court sits 5 days a week and clears 8 cases per day. $$ \text{Cases per week} = 5 \text{ days/week} \times 8 \text{ cases/day} $$ $$ \text{Cases per week} = 40 \text{ cases/week} $$Calculate the number of weeks to clear the backlog.
The backlog is 480 cases. $$ \text{Weeks to clear backlog} = \frac{\text{Total backlog}}{\text{Cases per week}} $$ $$ \text{Weeks to clear backlog} = \frac{480}{40} $$ $$ \text{Weeks to clear backlog} = 12 $$ It will take $\boxed{\text{12 weeks}}$.
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