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Starter Questions

Simple Interest Learning Intention To explain what the term simple interest means and how to calculate it.

Money What type of accounts can you get? Are there other places to put your money? Why put your money in a bank? Money General Premium Bonds Building Society Interest p.a. (per annum) Golspie Savings Bank Current account Supersaver account Savings account High Interest account

Just working out percentages Simple Interest Just working out percentages Simple Interest I have £400 in the Bank. At the end of each year I receive 7% of £400 in interest. How much interest do I receive after 1 years? How much do I now have?

Just working out percentages Simple Interest Just working out percentages Simple Interest I have £1200 in the Bank. I receive 10% p.a. in interest. How much interest do I receive if I take my money out after 3 months.

Just working out percentages Simple Interest Just working out percentages Simple Interest Stuart invested £4000 in the building Society with an interest rate of 5% p.a. How much does he have after 6 years?

Simple Interest Now try Ex 2.5 Ch2 Pg 20