Created by Mr.Lafferty Maths Dept Money Level 2 Revision Money Level 1 Foreign Exchange Rates www.mathsrevision.com Converting Back to £’s 18-Sep-18 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Starter Questions Level 2 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 18-Sep-18 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Money Problems Level 2 Revision Level 1 Learning Intention Success Criteria To revise Level 1 mixed money problems. Solve mixed money problems. www.mathsrevision.com 18-Sep-18 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Money Problems 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. £ Trainers 59.99 Tennis Racket 8.51 Football 4.99 4 x £20 = £80 www.mathsrevision.com 73.49 - 73.49 80.00 £ 6.51 18-Sep-18 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Money Problems 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 www.mathsrevision.com + VAT 11.62 Total Bill £ 99.67 18-Sep-18 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Money Problems Level 2 Revision Level 1 Example : Work the cost of 30 litres of unleaded. 4 - Star 92.9p 10 x 98.9 = 9.89 x 3 Unleaded 98.9p www.mathsrevision.com £ 29.67 Diesel 100.9p 18-Sep-18 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Money Level 2 Revision of Level 1 Now try Exercise 1 Ch4 (page 49) www.mathsrevision.com 18-Sep-18 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Starter Questions Level 2 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 18-Sep-18 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Foreign Currency Level 2 Converting to another 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 and the process of the proportion method. www.mathsrevision.com 2. Convert £’s to another currency give the exchange rate using the proportion method. 18-Sep-18 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept 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 18-Sep-18 Created by Mr.Lafferty Maths Dept

Foreign Currency www.mathsrevision.com Are we expecting more or less Converting to another currency Level 2 Exchange rate : This is the number of euros you get for a £1 Example : How many euros will I get for £100. Euro € Dollar $ 1.44 1.51 Yen 190 Exchange rate £1= Proportion method £ € 1  1.44 100 www.mathsrevision.com (more) 18-Sep-18 Created by Mr.Lafferty Maths Dept

Foreign Currency www.mathsrevision.com Are we expecting more or less Level 2 Converting to another currency Euro € Dollar $ 1.44 1.51 Yen 190 Exchange rate £1 = Example : How many Dollars will I get for £50. Proportion method £ $ 1  1.51 50 www.mathsrevision.com (more) 18-Sep-18 Created by Mr.Lafferty Maths Dept

Foreign Currency www.mathsrevision.com Are we expecting more or less Level 2 Converting to another currency Euro € Dollar $ 1.44 1.51 Yen 190 Exchange rate £1 = Example : A iPod costs £300 in Scotland and 420 € in Spain. Which is the better buy ? Proportion method £ € 1  1.44 300 (more) www.mathsrevision.com Should buy in Spain and save 12 € 18-Sep-18 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Foreign Currency Level 2 Converting to another currency Now try Exercise 2 Ch4 (page 53) www.mathsrevision.com 18-Sep-18 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Starter Questions Level 2 124o www.mathsrevision.com 18-Sep-18 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept 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 process of the proportion method. 2. Convert another currency back into £’s using the exchange rate. www.mathsrevision.com 18-Sep-18 Created by Mr.Lafferty Maths Dept

Foreign Currency www.mathsrevision.com Are we expecting more or less Level 2 Converting back to £’s Euro € Dollar $ 1.44 1.51 Yen 190 Exchange rate £1= Example : How many £’s will I get for 20 € . Proportion method € £ 1.44  1 20 www.mathsrevision.com (more) 18-Sep-18 Created by Mr.Lafferty Maths Dept

Foreign Currency www.mathsrevision.com Are we expecting more or less Level 2 Converting back to £’s Euro € Dollar $ 1.44 1.50 Yen 190 Exchange rate £1 = 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  1 450 www.mathsrevision.com (more) 18-Sep-18 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Foreign Currency Level 2 Converting back to £’s Now try Exercise 3 Ch4 (page 55) www.mathsrevision.com 18-Sep-18 Created by Mr.Lafferty Maths Dept