# Money www mathsrevision com Level 2 Revision Money

- Slides: 19

Money www. mathsrevision. com Level 2 Revision Money Level 1 Foreign Exchange Rates Converting Back to £’s 05 -Nov-20 Created by Mr. Lafferty Maths Dept

Starter Questions www. mathsrevision. com Level 2 Q 1. Convert to 24 hr clock Q 2. Round to 1 decimal place 103. 525 Q 3. How many minutes in 6 hours Q 4. Find the time difference between 5. 12 am and 2. 34 pm 05 -Nov-20 8. 15 am Created by Mr. Lafferty Maths Dept 10. 02 pm

Money Problems www. mathsrevision. com Level 2 Revision Level 1 Learning Intention Success Criteria 1. To revise Level 1 mixed money problems. 05 -Nov-20 1. Solve mixed money problems. Created by Mr. Lafferty Maths Dept

Money Problems www. mathsrevision. com Level 2 Revision Level 1 Example : I bought some items in a sports shop. I paid with 4 £ 20’s notes. What was my change. £ 4 x £ 20 = £ 80 Trainers Tennis Racket Football 80. 00 - 73. 49 £ 6. 51 05 -Nov-20 Created by Mr. Lafferty Maths Dept 59. 99 8. 51 4. 99 73. 49

Money Problems www. mathsrevision. com Level 2 Revision Level 1 Example : Copy and complete the bill. £ A tax Added by Government Parts 39. 75 Labour 48. 30 Sub-Total £ 88. 05 + VAT 11. 62 Total Bill £ 99. 67 05 -Nov-20 Created by Mr. Lafferty Maths Dept

Money Problems www. mathsrevision. com Level 2 Revision Level 1 Example : Work the cost of 30 litres of unleaded. 10 x 98. 9 = 9. 89 x 3 £ 29. 67 05 -Nov-20 Created by Mr. Lafferty Maths Dept 4 - Star 92. 9 p Unleaded 98. 9 p Diesel 100. 9 p

Money www. mathsrevision. com Level 2 Revision of Level 1 Now try Exercise 1 Ch 4 (page 49) 05 -Nov-20 Created by Mr. Lafferty Maths Dept

Starter Questions www. mathsrevision. com Level 2 Q 1. Convert to 12 hr clock Q 2. Round to 1 decimal place 0. 657 Q 3. How many minutes in a day Q 4. Find the time difference between 16 29 and 22 17 05 -Nov-20 20 23 Created by Mr. Lafferty Maths Dept 05 32

Foreign Currency www. mathsrevision. com Level 2 Converting to another currency Learning Intention Success Criteria 1. We are learning how to convert £’s to another currency give the exchange rate. 1. Understand the term exchange rate and the process of the proportion method. 2. Convert £’s to another currency give the exchange rate using the proportion method. 05 -Nov-20 Created by Mr. Lafferty Maths Dept

Foreign Currency www. mathsrevision. com Level 2 Converting to another currency Up until 1 st 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. A euro is divided into 100 parts and each part is called a cent 05 -Nov-20 Created by Mr. Lafferty Maths Dept

Are we expecting or less. Converting to another currency Levelmore 2 Foreign Currency www. mathsrevision. com Exchange rate : This is the number of euros you get for a £ 1 Example : How many euros will I get for £ 100. Proportion method £ € 1 1. 44 (more) 100 05 -Nov-20 Created by Mr. Lafferty Maths Dept Exchange rate £ 1= Euro € 1. 44 Dollar $ 1. 51 Yen 190

Are we expecting Level 2 more or less. Converting to another currency www. mathsrevision. com Foreign Currency Example : How many Dollars will I get for £ 50. Proportion method £ $ 1 1. 51 (more) 50 05 -Nov-20 Created by Mr. Lafferty Maths Dept Exchange rate £ 1 = Euro € 1. 44 Dollar $ 1. 51 Yen 190

Are we expecting Level 2 more or less. Converting to another currency www. mathsrevision. com Foreign Currency Example : A i. Pod costs £ 300 in Scotland 420 € in Spain. Which. Proportion is the better buy ? method £ € 1 1. 44 (more) 300 Should buy in Spain and save 12 € 05 -Nov-20 Created by Mr. Lafferty Maths Dept Exchange rate £ 1 = Euro € 1. 44 Dollar $ 1. 51 Yen 190

Foreign Currency www. mathsrevision. com Level 2 Converting to another currency Now try Exercise 2 Ch 4 (page 53) 05 -Nov-20 Created by Mr. Lafferty Maths Dept

Starter Questions www. mathsrevision. com Level 2 124 o 05 -Nov-20 Created by Mr. Lafferty Maths Dept

Foreign Currency www. mathsrevision. com Level 2 Converting back to £’s Learning Intention Success Criteria 1. We are learning how to convert another currency back to £’s. 1. Understand the process of the proportion method. 2. Convert another currency back into £’s using the exchange rate. 05 -Nov-20 Created by Mr. Lafferty Maths Dept

Are we expecting Level 2 more or less www. mathsrevision. com Foreign Currency Example : Converting back to £’s How many £’s will I get for 20 €. Proportion method € £ 1. 44 1 (more) 20 05 -Nov-20 Created by Mr. Lafferty Maths Dept Exchange rate £ 1= Euro € 1. 44 Dollar $ Yen 1. 51 190

Are we expecting Level 2 more or less www. mathsrevision. com Foreign Currency Converting back to £’s Example : A business man returns from America with $450. He converts them back to £’s. How much will he get back ? Proportion method $ £ 1. 50 1 (more) 450 05 -Nov-20 Created by Mr. Lafferty Maths Dept Exchange rate £ 1 = Euro € 1. 44 Dollar $ 1. 50 Yen 190

Foreign Currency www. mathsrevision. com Level 2 Converting back to £’s Now try Exercise 3 Ch 4 (page 55) 05 -Nov-20 Created by Mr. Lafferty Maths Dept

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