The amount of Electricity used is measured in units To calculate the amount used we use the following formula Units used = PRESENT reading - PREVIOUS.

Slides:



Advertisements
Similar presentations
Simple and Compound Interest
Advertisements

Sullivan PreCalculus Section 4.7 Compound Interest
Functions Solving Equations Simplifying & Solving Variables.
Simple Interest 21.6 Vocabulary Principal = the original amount of money that is saved or borrowed. Simple interest = a fixed percent of the principal.
Consumer Banking Dollars and Sense. Interest Rates – Rules of Commercial Banks – Interest rates charged for loans higher than Savings Banks and interest.
Chapter 9 Time & Money. Learning Objectives  Convert 12-hr clock to 24-hr clock  Convert 24-hr clock to 12-hr clock  Work out differences between 2.
Expenditure. Opportunity Cost Is making a decision/choice based on limited/scarce resources. The item not selected is the opportunity cost- opportunity.
Electrical energy consumption Section 9. Lighting 40 Watts 100 Watts 60 Watts.
Simple Interest (MAT 142) Simple Interest.
Electrical Energy Use in the Home
Slide 1 Copyright © 2015, 2011, 2008 Pearson Education, Inc. Percent and Problem Solving: Interest Section7.6.
© Oxford University Press 2011 IP Electricity meters Electricity meters.
Loans and Investments Lesson 1.5.
Interest on Loans Section 6.8. Objectives Calculate simple interest Calculate compound interest Solve applications related to credit card payments.
Costs and Revenue Topic
Electrical Energy.  Electrical energy is the energy transferred to an electrical device by moving electrical charges. The energy used at home is measured.
Learning Objective # 2 Determine the effective cost of borrowing by considering the quoted rate, the number of compounding periods, the timing of interest.
Warm-Up A population of mice quadruples every 6 months. If a mouse nest started out with 2 mice, how many mice would there be after 2 years? Write an equation.
SESSION 13 & 14 Last Updated 8 th March 2011 Percentages and Proportions.
Interest (ing) Notes How to Calculate Simple Interest 2/11/10 Pre-Algebra.
Mathematical Studies for the IB Diploma Second Edition © Hodder & Stoughton Compound interest.
Money Income Tax Banks & Building Societies Savings and Interest Compound Interest Appreciation & Depreciation Working Backwards.
$100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300.
Expenditure. Opportunity Cost Is making a decision/choice based on limited/scarce resources. The item not selected is the opportunity cost- opportunity.
INTEREST. SOME TERMS Principal: the original amount before interest charges are added on Term: how long the investment is invested for Inflation: refers.
Formula? Unit?.  Formula ?  Unit?  Formula?  Unit?
$100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300.
Units Of Electricity Ashfield Direct Learning Holly Millar Ks4 Energy.
Paying for Electricity. Measuring Electrical Energy The electrical energy that you use at home is measured in kilowatt hours (kW  h) The images above.
Sales Tax and Discount. Sales tax is an additional amount of money charged on items that people buy. The total cost of an item is the regular price plus.
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall. Chapter 5 Percents.
Percent and Problem Solving: Interest Section 7.6.
Borrowing to Buy a Home 6.1. Down Payments and Closing Costs Terms to know: – Down Payment – Mortgage Loan – Principal – Closing Costs – Points.
GOALS BUSINESS MATH© Thomson/South-WesternLesson 1.1Slide 1 1.1Hourly Pay and Salary Calculate gross pay for hourly-rate employees Calculate gross pay.
Paying Bills Warm Up: What are some bills your parents pay monthly? What must a producer consider when setting a price for the product being sold?
Compound Interest. What is Compound Interest? Interest is money paid for the use of money. It’s generally money that you get for putting your funds in.
Sales Tax and Discount. Sales tax and discount Sales tax - is an additional amount of money charged on items people buy. The total cost is the regular.
Household Expenditure 2. Expenditure is the money we spend during a particular period, e.g. a month. When planning your expenditure:  Never plan to spend.
Usually, the red numbering is ignored for the bills. What are the readings on these two meters?
Calculating Energy Use and Converting Units Chapter 2.
Electric Power Lesson 2.5. Key Concepts How do you calculate electric power? What factors are used to determine how people pay for electrical energy?
Assignments. Assignment 1 Write a program to calculate the current equation Where p is the period of pendulum in seconds, g=980 cm/sec 2 (acceleration),
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall. 7.6 Percent and Problem Solving: Interest.
Tidal Barrage  Advantages  Renewable  No air pollution  No fuel costs  Produces lots of power  Disadvantages  Huge initial cost  Environmental.
Business Math 1.5 Other wage planes. Start up Employees, such as food service staff, whose pay varies widely, may need to estimate or project annual gross.
Lesson 9.7: Simple Interest ALCOS: 3, 5, 6 Objective: Students will use the simple interest formula to calculate simple interests.
© Annie Patton Expenditure Money arrives without instructions. (Eddie Hobbs Short Hands, Long Pockets Page 9) So we have a choice, what to do with our.
Responsibilities and Costs of Credit
Electricity Cost Problems- Formulas. Example Questions Electricity Costs 14.7 cents/kWh. If my total bill is $38.22, how many kWh were used? G Rate =
Buying electricity. Calculating the units of electricity The amount of electrical energy (i.e. the amount of electricity) used by an appliance depends.
6.00 Sources of Credit Unit C Basic Business Law Objective 6.02.
Three things Charge Flow Energy Charge and Flow An electric current is the “flow of charge”
Energy Calculations Revision Energy = Power x Time (Joule) (Watt) (Second) Energy Power x Time Example 1: How much energy does a 40 Watt bulb use in 2.
Nuffield Free-Standing Mathematics Activity Work out the VAT
Grade 10 Term 3 Week 2-3 Lesson 2
Calculation of energy consumed
Electrical Calculations
ប្រព័ន្ធពន្ធដារកម្ពុជា និងវប្បធម៌នៃការបង់ពន្ធ
(Eddie Hobbs Short Hands, Long Pockets Page 9)
Basic Electrical Calculations
Unit 3 Review (Calculator)
Power Consumption & Cost
Find Price or Tax.
Find Sales tax Statement.
HOTEL ADDRESS, CITY, STATE & ZIP
Statements & Finance Charge
BILLS Electricity Bill Water Bill Telephone Bill
Calculate 9 x 81 = x 3 3 x 3 x 3 x 3 3 x 3 x 3 x 3 x 3 x 3 x =
Lesson 6-2 (GJ) BANK STATEMENT Lesson 6-2, page 125.
Presentation transcript:

The amount of Electricity used is measured in units To calculate the amount used we use the following formula Units used = PRESENT reading - PREVIOUS reading Meter Reading PresentPrevious Meter Reading PresentPrevious Units used = = 167 Units used = = 205

Calculate the units used for each of the following sets of readings PresentPrevious Units = =189 Units = = Units = = Units = = We can calculate the cost of the electricity using Total cost = units used x cost per unit Find the cost of 125 units of electricity at 6p per unit Cost =125 x 6 =750p =£7.50

Electricity Bills Calculate the total cost for each of the following PresentPrevious 1 unit of electricity costs 4p Units usedTotal cost p = £ p = £ p = £ p = £ p = £3.12

Other costs on an electricity bill Standing charge - this is a fixed amont of money paid even if no electricity is used VAT is paid on the total electricity bill

Bright Spark Electricity House H. Old, 3 This Street 11/09/ /12/96 Meter ReadingChargesAmount PresentPrevious units at 8p Standing charge Sub-total VAT at 17.5% Total Due £ £15.12 £27.62 £4.83 £32.45