It's a presentation and write-up about the physical properties of iron. The presentation par of it isn't so bad, but the write-up requires lots of effort. It has to be 1500 words and include complicated diagrams.
How to put this the right way...
Stop being lazy and get to work!! 7% is a lot, besides, it's always a chance to learn. If it was about a lack of time for other important activities, then you'd have an excuse. But it's not like you're going to use the time you were supposed to be writing this to actually do some intense studying, is it?