- 99 Views
- Uploaded on
- Presentation posted in: General

Money

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

National 4

NUM 1.2

Money

Revision of Percentages

Profit and Loss

Hire Purchase

Building & Contents Insurance

www.mathsrevision.com

Life Insurance

Foreign Exchange

Percentage Profit

Created by Mr. Lafferty Maths Dept.

National 4

NUM 1.2

Starter Questions

www.mathsrevision.com

Compiled by Mr. Lafferty Maths Dept.

Percentages (Revised)

National 4

NUM 1.2

Learning Intention

Success Criteria

- To know the basic percentages.

1.To revise some basic percentages.

- Calculate basic percentage without a calculator.

www.mathsrevision.com

Compiled by Mr. Lafferty Maths Dept.

Percentages (Revised)

National 4

NUM 1.2

Remember from previous section you know learn these !

www.mathsrevision.com

Compiled by Mr. Lafferty Maths Dept.

Percentages (Revised)

National 4

NUM 1.2

Q. Find 30% of Â£40

www.mathsrevision.com

Compiled by Mr. Lafferty Maths Dept.

Percentages (Revised)

National 4

NUM 1.2

Q. Find 75% of Â£600

www.mathsrevision.com

Compiled by Mr. Lafferty Maths Dept.

Percentages (Revised)

National 4

NUM 1.2

Now try Exercise 1

Ch15 (page 180)

www.mathsrevision.com

Compiled by Mr. Lafferty Maths Dept.

National 4

NUM 1.2

Q1. 0.5 + 5 x 8

Starter Questions

Q2. Multiply out the brackets and simplify

www.mathsrevision.com

Q3.

Created by Mr. Lafferty Maths Dept.

Profit and Loss

National 4

NUM 1.2

Learning Intention

Success Criteria

- To know the meaning of the terms PROFIT and LOSS.

- To understand the
- terms profit and loss.

- Apply knowledge to calculations.

www.mathsrevision.com

Created by Mr. Lafferty Maths Dept.

National 4

NUM 1.2

Profit and Loss

Profit : When you sell something for

MORE than you bought it.

PROFIT = Selling Price â€“ Buying Price

Loss : When you sell something for

LESS than you bought it.

www.mathsrevision.com

LOSS = Buying Price â€“ Selling Price

Created by Mr. Lafferty Maths Dept.

National 4

NUM 1.2

Example 1

If I buy a Playstation for Â£100 and sell it for Â£120.

Profit and Loss

I have made a PROFIT of

Â£120-Â£100 = Â£20

Example 2

I bought a bunch of flowers for Â£5.50 and tried to sell them for a profit. But I found it difficult to sell them. I sold them for Â£4.00 before they went off.

www.mathsrevision.com

I made a LOSS of

Â£5.50 - Â£4.00 = Â£1.50

Created by Mr. Lafferty Maths Dept.

Profit and Loss

National 4

NUM 1.2

Now try Ex 2

Ch15 (page 182)

www.mathsrevision.com

Created by Mr. Lafferty Maths Dept.

Hire Purchase

National 4

NUM 1.2

Learning Intention

Success Criteria

- To know the meaning of the terms HIRE PURCHASE.

- To understand the
- terms Hire Purchase.

- Apply knowledge to calculations.

www.mathsrevision.com

Created by Mr. Lafferty Maths Dept.

National 4

NUM 1.2

Starter Questions

Q1. Expand out 2j (k â€“ 5g + 4jk)

Q2. Find all the missing angles

25o

www.mathsrevision.com

Q3.

Created by Mr. Lafferty Maths Dept.

Hire Purchase

National 4

NUM 1.2

Hire Purchase : When you pay for goods by

putting down a deposit and then

paying the rest up in small fixed

payments over a period of time.

www.mathsrevision.com

Normally you pay more for the goods using this method.

Created by Mr. Lafferty Maths Dept.

Hire Purchase

National 4

NUM 1.2

Buying Products

Hoover Cash Price Â£120

or

by H.P. Â£30 deposit + 12 Payment Â£8.50

www.mathsrevision.com

How much more do you pay by using Hire Purchase

Total H.P. price =

Â£30 + 12 x Â£8.50 = Â£132

Difference in price =

Â£132 - Â£120 = Â£12

Created by Mr. Lafferty Maths Dept.

Loans & Hire Purchase

National 4

NUM 1.2

Buying Products

Washing Machine Cash Price Â£365.50

or

by H.P. Â£75 deposit + 12 Payment Â£28.80

www.mathsrevision.com

How much more do you pay by using Hire Purchase

Total H.P. price =

+ 12 x Â£28.80 = Â£420.60

Â£75

Difference in price =

Â£420.60 - Â£365.50 = Â£55.10

Created by Mr. Lafferty Maths Dept.

Hire Purchase

National 4

NUM 1.2

Now try Ex 3

Ch15 (page 185)

www.mathsrevision.com

Created by Mr. Lafferty Maths Dept.

National 4

NUM 1.2

Q1. Expand out 2a (a â€“ c + 4ab)

Starter Questions

Q2. Find the missing angle

22o

www.mathsrevision.com

Q3.

Created by Mr. Lafferty Maths Dept.

House & Contents Insurance

National 4

NUM 1.2

Learning Intention

Success Criteria

- To explain the how to calculate building and contents insurance for a house.

- Why we have house building insurance.

- 2.Calculate the value of building and content insurance given the value of the house and contents.

www.mathsrevision.com

Created by Mr. Lafferty

Maths Dept

House & Contents Insurance

Roof, walls, floor etc...

National 4

NUM 1.2

You NEED to buy building insurance in case anything

goes wrong with your house.

TV, DVD, Washing Machine

www.mathsrevision.com

It is a good idea to buy content insurance in case your

house gets broken into or items breakdown.

Created by Mr. Lafferty

Maths Dept

House & Contents Insurance

National 4

NUM 1.2

www.mathsrevision.com

Created by Mr.Lafferty Maths Dept

House & Contents Insurance

National 4

NUM 1.2

Example 1 :How much is the House Insurance for a

housevalued at Â£40 000.

Premium

(cost of Insurance)

Value

Â£0.73

Â£1 000

www.mathsrevision.com

Â£40 000

Â£29.20

Created by Mr. Lafferty

Maths Dept

House & Contents Insurance

National 4

NUM 1.2

Example 2 :I decided to increase my insurance from

Â£40 000 to Â£50 000 cover.

How much more did it have to pay.

Premium

(cost of Insurance)

Value

Â£0.73

Â£1 000

www.mathsrevision.com

Â£7.30 more

Â£10 000

Created by Mr. Lafferty

Maths Dept

House & Contents Insurance

National 4

NUM 1.2

Example : How much for Buildings insurance and

contents insurance if a house is valued at Â£80 000 and contents are valued at Â£5 000.

Â£58.40

Buildings insurance :

www.mathsrevision.com

Â£ 17.85

Contents insurance :

Total : Â£76.25

Created by Mr. Lafferty

Maths Dept

Household Insurance

National 4

NUM 1.2

Now try Ex 4

Ch15 (page 188)

www.mathsrevision.com

Created by Mr. Lafferty Maths Dept.

Starter Questions

National 4

NUM 1.2

www.mathsrevision.com

Created by Mr. Lafferty

Maths Dept

Life Insurance

National 4

NUM 1.2

Learning Intention

Success Criteria

- To calculate Life Insurance from a table of values taking account various factors.

- 1.Read information from a chart.

- 2.Calculate Life Insurance taking in various factors.

www.mathsrevision.com

Created by Mr.Lafferty Maths Dept

What factors affect the cost of Life Insurance

Age,

Male or Female, smoker

or Non- smoker

Life Insurance

National 4

NUM 1.2

Table shows monthly premiums.

The sum assured is Â£10000 (with Profits) for the term 20 years.

www.mathsrevision.com

Created by Mr.Lafferty Maths Dept

Life Insurance

National 4

NUM 1.2

Table shows monthly premiums.

The sum assured is Â£10000 (with Profits) for the term 20 years.

www.mathsrevision.com

Kerry is 25 years old and takes out a fixed term policy. She does not smoke. She wants to leave Â£150 000 to her dependants should she die. What is her monthly premium and how much will she pay over 20 years.

Created by Mr.Lafferty Maths Dept

Life Insurance

National 4

NUM 1.2

Monthly premium = 150000 Ã· 10000 x 0.66 = Â£9.90

Total paid over 20 years = Â£9.90 x 12 x 20 = Â£2376

www.mathsrevision.com

Created by Mr.Lafferty Maths Dept

Life Insurance

National 4

NUM 1.2

Now try Exercise 5

Ch15 (page 191)

www.mathsrevision.com

Created by Mr.Lafferty Maths Dept

National 4

NUM 1.2

Q1. Expand out 2a (a â€“ c + 4ab)

Starter Questions

Q2. Find two missing angles

32o

Q3. Find y

www.mathsrevision.com

Q4. The answer is 45. What is the question.

Created by Mr. Lafferty Maths Dept.

Foreign Exchange

National 4

NUM 1.2

Learning Intention

Success Criteria

1.Be able to convert Â£â€™s to another currency.

- To explain how to convert Â£â€™s to another currency and vice versa.

- Be able to convert back to Â£â€™s.

www.mathsrevision.com

Created by Mr. Lafferty Maths Dept.

Converting to a foreign currency

Currency Exchange

Â£

Foreign currency

x exchange rate

www.mathsrevision.com

Converting back to Â£â€™s

Â£

Foreign currency

Ã· exchange rate

Created by Mr. Lafferty

Maths Dept

Foreign Exchange

National 4

NUM 1.2

Think going on holiday !

The currency in most of Europe is the euro â‚¬

The exchange rate is approximately

Â£ 1 ïƒ°1.54 â‚¬

www.mathsrevision.com

Converting Â£â€™s to Euros â‚¬ simply multiply

(a)To change Â£80 to euros

80 x 1.54 =

123.20 â‚¬

Created by Mr. Lafferty Maths Dept.

Foreign Exchange

National 4

NUM 1.2

Now try Ex 6 Q1 to Q5

Ch15 (page 193)

www.mathsrevision.com

Created by Mr. Lafferty Maths Dept.

Foreign Exchange

National 4

NUM 1.2

Coming back from holiday we want to do the opposite

i.e. euros to Â£â€™s

Think

back from holiday !

The exchange rate is approximately

Â£ 1 ïƒ°1.54 â‚¬

www.mathsrevision.com

Converting Euros â‚¬â€™s to Â£â€™s simply divide

To change 616 â‚¬ to Â£â€™s

616 Ã· 1.54 =

Â£400

Created by Mr. Lafferty Maths Dept.

Foreign Exchange

National 4

NUM 1.2

Now try Ex 6 Q6 to Q12

Ch15 (page 194)

www.mathsrevision.com

Created by Mr. Lafferty Maths Dept.

National 4

NUM 1.2

Starter Questions

www.mathsrevision.com

10cm

8cm

Created by Mr. Lafferty Maths Dept.

Calculating Percentages

Percentage Increase / Decrease

National 4

NUM 1.2

Learning Intention

Success Criteria

- To understand how to calculate percentage increase / decrease.

- To understand how to calculatepercentage increase / decrease.

www.mathsrevision.com

- Solve problems in context.

Created by Mr. Lafferty Maths Dept.

Calculating Percentages

Percentage Increase / Decrease

National 4

NUM 1.2

Example 1 : Daniel was paid Â£20 per week. He got a wage rise to Â£22 per week.

What was his percentage increase in pay ?

Actual Increase = Â£22 - Â£20 = Â£2

www.mathsrevision.com

% increase =

Created by Mr. Lafferty Maths Dept.

Calculating Percentages

Percentage Increase / Decrease

National 4

NUM 1.2

Example 1

A shopkeeper buys crisps for 20p each.

He sells them for 28p.

What is his percentage profit?

www.mathsrevision.com

Actual Increase = 28p â€“ 20p = 8p

% increase =

Created by Mr. Lafferty Maths Dept.

Percentage Profit

National 4

NUM 1.2

Now try

Extension Booklet

2E (page 79)

www.mathsrevision.com

Created by Mr. Lafferty Maths Dept.