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