Starter quiz
- Calculate 20% of 25
- '5' ✓
- If you have 40 colouring pencils and 30% of them break, how many do you have left?
- '28' ✓
- A top originally cost £20. It is now on sale for £15. What is the percentage decrease in price?
- '25%' ✓
- A store owner buys a pair of shoes for £50 and sells them for £71. What is the percentage profit?
- '42%' ✓
- A house originally valued at £175 000 increase in price by 12.5%. What is its new value?
- '£196 875' ✓
- An item that originally cost £35 is discounted by 17%. What is the sale price?
- '£29.05' ✓
Exit quiz
- Alex invests £50 into a savings account that pays 3% interest per annum. After a year, Alex withdraws his £50 plus the interest it earned. How much did Alex withdraw?
- '£51.50' ✓
- Alex decides to keep his £51.50 in the savings account that pays 3% interest per annum. A year later, Alex withdraws his £51.50 plus the interest it earned. How much money did Alex withdraw?
- '£53.05' ✓
- Izzy wants to start her own business. The start-up cost is £350 and she has £287. Jun offers to invest the rest. What would Jun's share of the profits be?
- '18%' ✓
- Jun has a part-time job that pays £24/week. He wants to buy a laptop costing £600. How many weeks will it take for him to save enough money?
- '25 weeks' ✓
- Jacob borrows £300 and is expected to pay it back with 8% interest. How much money will Jacob need to pay back?
- '£324' ✓
- Select the potential negative consequences when borrowing money.
- You may not pay in back in time, resulting in more debt. ✓
- You can afford something that you otherwise could not.
- You may see a reduction in your credit score. ✓
- You may see an increase in your credit score.
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Worksheet
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Presentation
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Video
Lesson Details
Key learning points
- Investing money can lead to an increase but it also comes with a level of risk
- Borrowing money comes with a level of risk
Common misconception
Investing money is always the right choice as you will make more money.
Investing money comes with a level of risk; what you receive may be less than you put in.
Keywords
Profit - Profit is a business’ financial gain; the difference between the revenue and the cost.
Interest - Interest is money added to savings or loans.
Rate of interest - The rate of interest is the percentage by which an amount will increase.
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