1. Starter Questions

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

3. 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

4. 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?

5. 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.

6. 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?

7. Simple Interest
Now try Ex 2.5
Ch2 Pg 20