Money Matters Learning Outcomes  Calculate gross and net wages and salaries for different types of employment  Understand the terms involved in pay i.e. National Insurance Contributions Superannuation Tax Codes Taxable Pay  Understand mortgages and carry out relevant calculations  Understand different types of insurance – life assurance, car insurance, household insurance and carry out relevant calculations £

Money Matters Percentages, Fractions & Decimals FractionDecimalPercentage 1 / 10 1/41/4 31 / / 4 or 5 / 4 Complete the following table Calculating percentages Find a)10% of £320 b)26% of £500 c)18% of £12.50

Money Matters Percentage Change Increasing / Decreasing a quantity by a given percentage QuantityChangeCalculations £508% increase 8.2m6% decrease 65cm2.5% increase c) b) a)

Money Matters Percentage Change If a jumper costs a shopkeeper £20 and is sold for £25 calculate the percentage profit. % change = change x 100 original

Money Matters Reverse Percentage Complete the table below Original PriceNew Price% Change £605% increase £12016% decrease £ % increase c) b) a)

Money Matters Compound Interest When money is invested in a bank account interest is earned. Interest rates change as banks try to attract more savers. At present interest rates are very low; the government controls the economy by changing interest rates. Example 1 £500 is invested at 4% interest for 3 years. Calculate the interest earned.

Money Matters Additional Notes

Money Matters  Calculate gross and net wages and salaries for different types of employment  Understand the terms involved in pay i.e. National Insurance Contributions Superannuation Tax Codes Taxable Pay  Understand mortgages and carry out relevant calculations  Understand different types of insurance – life assurance, car insurance, household insurance and carry out relevant calculations Learning Outcomes: At the end of the topic I will be able to Can Revise Do Further        