Money
This presentation is the property of its rightful owner.
Sponsored Links
1 / 44

Money PowerPoint PPT Presentation


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

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. National 4 NUM 1.2. Starter Questions. www.mathsrevision.com. Percentages (Revised).

Download Presentation

Money

An Image/Link below is provided (as is) to download presentation

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 - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Money

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.


Starter questions

National 4

NUM 1.2

Starter Questions

www.mathsrevision.com

Compiled by Mr. Lafferty Maths Dept.


Money

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.


Money

Percentages (Revised)

National 4

NUM 1.2

Remember from previous section you know learn these !

www.mathsrevision.com

Compiled by Mr. Lafferty Maths Dept.


Money

Percentages (Revised)

National 4

NUM 1.2

Q. Find 30% of £40

www.mathsrevision.com

Compiled by Mr. Lafferty Maths Dept.


Money

Percentages (Revised)

National 4

NUM 1.2

Q. Find 75% of £600

www.mathsrevision.com

Compiled by Mr. Lafferty Maths Dept.


Money

Percentages (Revised)

National 4

NUM 1.2

Now try Exercise 1

Ch15 (page 180)

www.mathsrevision.com

Compiled by Mr. Lafferty Maths Dept.


Starter questions1

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.


Money

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.


Profit and loss

National 4

NUM 1.2

Profit and Loss

Profit : When you sell something for

MORE than you bought it.

PROFIT = Selling Price – Buying Price

Loss : When you sell something for

LESS than you bought it.

www.mathsrevision.com

LOSS = Buying Price – Selling Price

Created by Mr. Lafferty Maths Dept.


Profit and loss1

National 4

NUM 1.2

Example 1

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

Profit and Loss

I have made a PROFIT of

£120-£100 = £20

Example 2

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

www.mathsrevision.com

I made a LOSS of

£5.50 - £4.00 = £1.50

Created by Mr. Lafferty Maths Dept.


Money

Profit and Loss

National 4

NUM 1.2

Now try Ex 2

Ch15 (page 182)

www.mathsrevision.com

Created by Mr. Lafferty Maths Dept.


Money

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.


Starter questions2

National 4

NUM 1.2

Starter Questions

Q1. Expand out 2j (k – 5g + 4jk)

Q2. Find all the missing angles

25o

www.mathsrevision.com

Q3.

Created by Mr. Lafferty Maths Dept.


Money

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.


Money

Hire Purchase

National 4

NUM 1.2

Buying Products

Hoover Cash Price £120

or

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

www.mathsrevision.com

How much more do you pay by using Hire Purchase

Total H.P. price =

£30 + 12 x £8.50 = £132

Difference in price =

£132 - £120 = £12

Created by Mr. Lafferty Maths Dept.


Money

Loans & Hire Purchase

National 4

NUM 1.2

Buying Products

Washing Machine Cash Price £365.50

or

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

www.mathsrevision.com

How much more do you pay by using Hire Purchase

Total H.P. price =

+ 12 x £28.80 = £420.60

£75

Difference in price =

£420.60 - £365.50 = £55.10

Created by Mr. Lafferty Maths Dept.


Money

Hire Purchase

National 4

NUM 1.2

Now try Ex 3

Ch15 (page 185)

www.mathsrevision.com

Created by Mr. Lafferty Maths Dept.


Starter questions3

National 4

NUM 1.2

Q1. Expand out 2a (a – c + 4ab)

Starter Questions

Q2. Find the missing angle

22o

www.mathsrevision.com

Q3.

Created by Mr. Lafferty Maths Dept.


House contents insurance

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 insurance1

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


Money

House & Contents Insurance

National 4

NUM 1.2

www.mathsrevision.com

Created by Mr.Lafferty Maths Dept


Money

House & Contents Insurance

National 4

NUM 1.2

Example 1 :How much is the House Insurance for a

housevalued at £40 000.

Premium

(cost of Insurance)

Value

£0.73

£1 000

www.mathsrevision.com

£40 000

£29.20

Created by Mr. Lafferty

Maths Dept


Money

House & Contents Insurance

National 4

NUM 1.2

Example 2 :I decided to increase my insurance from

£40 000 to £50 000 cover.

How much more did it have to pay.

Premium

(cost of Insurance)

Value

£0.73

£1 000

www.mathsrevision.com

£7.30 more

£10 000

Created by Mr. Lafferty

Maths Dept


Money

House & Contents Insurance

National 4

NUM 1.2

Example : How much for Buildings insurance and

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

£58.40

Buildings insurance :

www.mathsrevision.com

£ 17.85

Contents insurance :

Total : £76.25

Created by Mr. Lafferty

Maths Dept


Money

Household Insurance

National 4

NUM 1.2

Now try Ex 4

Ch15 (page 188)

www.mathsrevision.com

Created by Mr. Lafferty Maths Dept.


Starter questions4

Starter Questions

National 4

NUM 1.2

www.mathsrevision.com

Created by Mr. Lafferty

Maths Dept


Life insurance

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


Money

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 £10000 (with Profits) for the term 20 years.

www.mathsrevision.com

Created by Mr.Lafferty Maths Dept


Money

Life Insurance

National 4

NUM 1.2

Table shows monthly premiums.

The sum assured is £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 £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


Money

Life Insurance

National 4

NUM 1.2

Monthly premium = 150000 ÷ 10000 x 0.66 = £9.90

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

www.mathsrevision.com

Created by Mr.Lafferty Maths Dept


Money

Life Insurance

National 4

NUM 1.2

Now try Exercise 5

Ch15 (page 191)

www.mathsrevision.com

Created by Mr.Lafferty Maths Dept


Starter questions5

National 4

NUM 1.2

Q1. Expand out 2a (a – 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.


Money

Foreign Exchange

National 4

NUM 1.2

Learning Intention

Success Criteria

1.Be able to convert £’s to another currency.

  • To explain how to convert £’s to another currency and vice versa.

  • Be able to convert back to £’s.

www.mathsrevision.com

Created by Mr. Lafferty Maths Dept.


Currency exchange

Converting to a foreign currency

Currency Exchange

£

Foreign currency

x exchange rate

www.mathsrevision.com

Converting back to £’s

£

Foreign currency

÷ exchange rate

Created by Mr. Lafferty

Maths Dept


Money

Foreign Exchange

National 4

NUM 1.2

Think going on holiday !

The currency in most of Europe is the euro €

The exchange rate is approximately

£ 1 1.54 €

www.mathsrevision.com

Converting £’s to Euros € simply multiply

(a)To change £80 to euros

80 x 1.54 =

123.20 €

Created by Mr. Lafferty Maths Dept.


Money

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.


Money

Foreign Exchange

National 4

NUM 1.2

Coming back from holiday we want to do the opposite

i.e. euros to £’s

Think

back from holiday !

The exchange rate is approximately

£ 1 1.54 €

www.mathsrevision.com

Converting Euros €’s to £’s simply divide

To change 616 € to £’s

616 ÷ 1.54 =

£400

Created by Mr. Lafferty Maths Dept.


Money

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.


Starter questions6

National 4

NUM 1.2

Starter Questions

www.mathsrevision.com

10cm

8cm

Created by Mr. Lafferty Maths Dept.


Money

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.


Money

Calculating Percentages

Percentage Increase / Decrease

National 4

NUM 1.2

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

What was his percentage increase in pay ?

Actual Increase = £22 - £20 = £2

www.mathsrevision.com

% increase =

Created by Mr. Lafferty Maths Dept.


Money

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 – 20p = 8p

% increase =

Created by Mr. Lafferty Maths Dept.


Money

Percentage Profit

National 4

NUM 1.2

Now try

Extension Booklet

2E (page 79)

www.mathsrevision.com

Created by Mr. Lafferty Maths Dept.


  • Login