Created by Mr.Lafferty Maths Dept House Insurance General House Insurance Contents Insurance www.mathsrevision.com Car Costs Car Insurance 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Starter Questions General Q1. Calculate Q2. 7.29 x 8 Q3. 638 ÷300 www.mathsrevision.com Q4. 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept House Insurance General Learning Intention Success Criteria To explain the how to calculate building insurance for a house. Why we have house building insurance. 2. Calculate the value of building insurance given the value of the house.. www.mathsrevision.com 23-Feb-19 Created by Mr.Lafferty Maths Dept

House Insurance www.mathsrevision.com General You have to buy building insurance in case anything goes wrong with the house. Write down 3 things that could go wrong. It is normal to quoted insurance per £1 000 of the value of the house. www.mathsrevision.com Safe & Secure Insurance Company Building Insurance rate is £2.50 per £1 000 23-Feb-19 Created by Mr.Lafferty Maths Dept

House Insurance www.mathsrevision.com General Example 1 : How much is the insurance for a house valued at £40 000. Safe & Secure Insurance Company Building Insurance rate is £2.50 per £1 000 Value Premium (cost of Insurance) www.mathsrevision.com £1 000 £2.50 £40 000 £100 23-Feb-19 Created by Mr.Lafferty Maths Dept

House Insurance www.mathsrevision.com General Example 2 : I decided to increase my insurance from £40 000 to £50 000 cover. How much more did it have to pay. Safe & Secure Insurance Company Building Insurance rate is £2.50 per £1 000 Value Premium (cost of Insurance) www.mathsrevision.com £1 000 £2.50 £10 000 £25 more 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept House Insurance General Now try Exercise 2 MIA (page 74) www.mathsrevision.com 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Starter Questions General www.mathsrevision.com 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Contents Insurance General Learning Intention Success Criteria To explain how to calculate contents insurance. 1. Understand why we need contents insurance. 2. Calculate contents insurance. www.mathsrevision.com 23-Feb-19 Created by Mr.Lafferty Maths Dept

Contents Insurance A B C D E F G H www.mathsrevision.com District General The table shows different values for contents insurance for different districts. District A B C D E F G H Rate per £1000 3.00 4.50 5.00 6.00 7.00 9.50 12.00 15.00 www.mathsrevision.com Write down some reasons for the difference in prices. 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Contents Insurance General Example 1 : How much for contents insurance if the valuables in my house are worth £10 000 and I live in District E. District A B C D E F G H Rate per £1000 3.00 4.50 5.00 6.00 7.00 9.50 12.00 15.00 www.mathsrevision.com E - rate is £7 per £1 000 £ 70 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Contents Insurance General Example : How much for Buildings insurance and contents insurance if a house in District A is valued at £80 000 and contents are valued at £5 000. Buildings insurance : £200 www.mathsrevision.com Contents insurance : £ 15 Total : £215 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Contents Insurance General Now try Exercise 3 MIA (page 74) www.mathsrevision.com 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Starter Questions General www.mathsrevision.com 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Car Costs Level E Learning Intention Success Criteria To calculate work various car costs. 1. Understand various car costs. 2. Calculate various costs for running a car ie. Petrol cost etc…. www.mathsrevision.com 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Car Costs General Write down as many costs to keep a car on the road. Petrol Road Tax Insurance Services & Repairs www.mathsrevision.com 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Car Costs General Example 1 : I travel 30 miles on 1 gallon of petrol. How many gallons does it take to travel 270 miles. Distance Petrol (cost of Insurance) www.mathsrevision.com 30 miles 1 gallon 270 miles 9 gallons 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Car Costs General Example 2 : My second hand car cost me £1200 a year ago. It is now worth £900 pounds. Calculate the percentage drop in fall. Drop in value in pounds is £1200 - £900 = £300 www.mathsrevision.com Percentage drop is 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Car Costs General Now try Exercise 4 MIA (page 77) www.mathsrevision.com 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Starter Questions General www.mathsrevision.com 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Car Insurance General Learning Intention Success Criteria To calculate car insurance from a table of values taking account various factors. 1. Read information from a chart. 2. Calculate car insurance taking in various factors. www.mathsrevision.com 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Car Insurance General Table shows different values for car insurance for different districts and type of car. District Car Group A B C D E F 1 347 437 507 615 770 832 2 357 447 520 630 784 845 4 427 532 620 735 895 970 www.mathsrevision.com Discount of 30 % - 1 year no claims Discount of 50 % - 2 years no claims. 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Car Insurance General Car Group A B C D E F 1 347 437 507 615 770 832 2 357 447 520 630 784 845 4 427 532 620 735 895 970 www.mathsrevision.com Discount of 30 % - 1 year no claims Discount of 50 % - 2 years no claims. How much will it cost for car insurance in District F with a car group 4. £970 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Car Insurance General District Car Group A B C D E F 1 347 437 507 615 770 832 2 357 447 520 630 784 845 4 427 532 620 735 895 970 www.mathsrevision.com Discount of 30 % - 1 year no claims Discount of 50 % - 2 years no claims. How much will it cost for car insurance in District F with a car in group C with 1 year no claims. 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Car Insurance General Car Group A B C D E F 1 347 437 507 615 770 832 2 357 447 520 630 784 845 4 427 532 620 735 895 970 www.mathsrevision.com Discount of 30 % - 1 year no claims Normal cost would be £620 10% of £620 = £62 30% £62 x 3= £186 Discount is 30% of £620 Total cost = £620 - £186 = £434 23-Feb-19 Created by Mr.Lafferty Maths Dept

Created by Mr.Lafferty Maths Dept Car Insurance General Now try Exercise 5 MIA (page 78) www.mathsrevision.com 23-Feb-19 Created by Mr.Lafferty Maths Dept