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Money

Level 2. Money. Revision Money Level 1. Foreign Exchange Rates. www.mathsrevision.com. Converting Back to £’s. Level 2. Starter Questions. Q1. Convert to 24hr clock. 8.15am. 10.02pm. Q2. Round to 1 decimal place 103.525. Q3. How many minutes in 6 hours. www.mathsrevision.com.

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Money

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  1. Level 2 Money Revision Money Level 1 Foreign Exchange Rates www.mathsrevision.com Converting Back to £’s Created by Mr.Lafferty Maths Dept

  2. Level 2 Starter Questions Q1. Convert to 24hr clock 8.15am 10.02pm Q2. Round to 1 decimal place 103.525 Q3. How many minutes in 6 hours www.mathsrevision.com Q4. Find the time difference between 5.12am and 2.34pm Created by Mr.Lafferty Maths Dept

  3. Level 2 Revision Level 1 Money Problems Learning Intention Success Criteria • To revise Level 1 mixed money problems. • Solve mixed money problems. www.mathsrevision.com Created by Mr.Lafferty Maths Dept

  4. 80.00 - 73.49 Level 2 Revision Level 1 Money Problems Example : I bought some items in a sports shop. I paid with 4 £20’s notes. What was my change. £ Trainers 59.99 Tennis Racket 8.51 Football 4.99 4 x £20 = £80 www.mathsrevision.com 73.49 £ 6.51 Created by Mr.Lafferty Maths Dept

  5. Level 2 Revision Level 1 Money Problems Example : Copy and complete the bill. £ Parts 39.75 Labour 48.30 A tax Added by Government Sub-Total £ 88.05 www.mathsrevision.com 11.62 + VAT Total Bill £ 99.67 Created by Mr.Lafferty Maths Dept

  6. Level 2 Revision Level 1 Money Problems Example : Work the cost of 30 litres of unleaded. 92.9p 4 - Star 10 x 98.9 = 9.89 98.9p x 3 Unleaded www.mathsrevision.com £ 29.67 Diesel 100.9p Created by Mr.Lafferty Maths Dept

  7. Money Level 2 Revision of Level 1 Now try Exercise 1 Ch4 (page 49) www.mathsrevision.com Created by Mr.Lafferty Maths Dept

  8. Level 2 Starter Questions Q1. Convert to 12 hr clock 20 23 05 32 Q2. Round to 1 decimal place 0.657 Q3. How many minutes in a day www.mathsrevision.com Q4. Find the time difference between 16 29 and 22 17 Created by Mr.Lafferty Maths Dept

  9. Level 2 Converting to another currency Foreign Currency Learning Intention Success Criteria • We are learning how to convert £’s to another currency give the exchange rate. • 1. Understand the term exchange rate. • 2. Convert £’s to another currency give the exchange rate. www.mathsrevision.com Created by Mr.Lafferty Maths Dept

  10. Foreign Currency Level 2 Converting to another currency Up until 1st January 2002, all the countries in Europe had their own type of money (currency). The euro was introduced and the other currencies were no longer accepted. Britain still uses the pound (£) and when you go to Europe on holiday you have to change your pounds to euros. www.mathsrevision.com A euro is divided into 100 parts and each part is called a cent Created by Mr.Lafferty Maths Dept

  11. Exchange rate £1= Euro € 1.44 Dollar $ 1.51 Yen 190 Foreign Currency Level 2 Converting to another currency Exchange rate : This is the number of euros you get for a £1 Example : How many euros will I get for £100. Simply multiply by exchange rate £  € www.mathsrevision.com 1  1.44 100  100 x 1.44 = 144 € Created by Mr.Lafferty Maths Dept

  12. Exchange rate £1 = Euro € 1.44 Dollar $ 1.51 Yen 190 Foreign Currency Level 2 Converting to another currency Example : How many Dollars and Yens will I get for £50. £  $ 1  1.51 50  50 x 1.51 = $75.50 www.mathsrevision.com £  Yen 1  190 50  50 x 190 = 9500 Yen Created by Mr.Lafferty Maths Dept

  13. Exchange rate £1 = Euro € 1.44 Dollar $ 1.51 Yen 190 Foreign Currency Level 2 Converting to another currency Example : A iPod costs £300 in Scotland and 420 € in Spain. Which is the better buy ? £  € 1  1.44 www.mathsrevision.com 300  300 x 1.44 = 144 x 3 = 432 € Should buy in Spain and save 12 € Created by Mr.Lafferty Maths Dept

  14. Foreign Currency Level 2 Converting to another currency Now try Exercise 2 Ch4 (page 53) www.mathsrevision.com Created by Mr.Lafferty Maths Dept

  15. Level 2 Starter Questions 124o www.mathsrevision.com Created by Mr.Lafferty Maths Dept

  16. Foreign Currency Level 2 Converting back to £’s Learning Intention Success Criteria • We are learning how to convert another currency back to £’s. • 1. Understand the opposite of multiplication is divide. • 2. Convert another currency back into £’s by dividing by the exchange rate. www.mathsrevision.com Created by Mr.Lafferty Maths Dept

  17. Foreign Currency Level 2 The opposite multiplication is ? Divide So if we want to convert euros to £’s we need to divide by the exchange rate. euros to £’s : Simply divide by exchange rate. www.mathsrevision.com Created by Mr.Lafferty Maths Dept

  18. Exchange rate £1= Euro € 1.44 Dollar $ 1.51 Yen 190 Foreign Currency Level 2 Converting back to £’s Example : How many £’s will I get for 20 € . Simply divide by exchange rate € £ www.mathsrevision.com 1.44  1 20  £13.89 20 ÷ 1.44 = Created by Mr.Lafferty Maths Dept

  19. Exchange rate £1 = Euro € 1.44 Dollar $ 1.50 Yen 190 Foreign Currency Level 2 Converting back to £’s Example : A business man returns from American with $450. He converts them back to £’s. How much will he get back ? $ £ www.mathsrevision.com 1.50  1 450  450 ÷ 1.50 = £300 Created by Mr.Lafferty Maths Dept

  20. Foreign Currency Level 2 Converting back to £’s Now try Exercise 3 Ch4 (page 55) www.mathsrevision.com Created by Mr.Lafferty Maths Dept

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