Starter quiz
- An Oak teacher invests £1000 with 5% compound interest a year. After 4 years they will have £______ to the nearest penny.
- '1215.51' ✓
- The solution to the equation is when ______
- '30' ✓
- Write as a single fraction.
-
-
-
- ✓
-
- Make the subject of .
-
-
- ✓
-
-
-
- Lucas rolls a fair 6 sided die and flips a fair coin. What is the probability Lucas gets a 2 on the die and a heads on the coin?
- ✓
-
-
-
-
-
- Use the probability tree to match each event to its probability.
- P(A and C)⇔✓
- P(A and D)⇔✓
- P(B and C)⇔✓
- P(B and D)⇔✓
Exit quiz
- Sofia borrows from her brother. Her brother charges her 2% compound interest a week. After 3 weeks, Sofia owes her brother £20. To the nearest penny, Sofia borrowed £______.
- '£18.85' ✓
- A money lending firm charges 3% compound interest each month. £100 is borrowed over 2 months and £60 paid back after 1 month. After 2 months the final repayment should be £______.
- '£44.29' ✓
- A money lending firm charges 3% compound interest each month. £100 is borrowed over 2 months and repaid in two equal monthly repayments. In total £______ is paid back.
- '£104.52' ✓
- There are counters in a bag. 3 are red and the rest are blue. A counter is picked , put back in the bag and another is picked. What is the probability of getting 2 red counters?
-
-
- ✓
-
-
- There are counters in a bag. 3 are red and the rest are blue. A counter is picked, put back in the bag and another is picked. What is the probability of getting two counters the same colour?
-
-
-
-
- ✓
-
- There are counters in a bag, 3 are red and the rest blue. Jun picks one, puts it back and picks another. The probability of getting two the same colour is . Calculate .
- ✓
-
-
-
- ✓
-
Worksheet
Loading worksheet ...
Presentation
Loading presentation ...
Video
Lesson Details
Key learning points
- Real world formula can be complex and contain multiple variables.
- When rearranging, you can sometimes check equivalence numerically.
- Algebraic fractions follow the same rules as fractions.
Common misconception
Thinking the multiplier for a 2% increase is either 0.02 or 1.2
A 2% increase is 100% + 2% of the original amount. 102% is equivalent to 1.02 as a decimal.
Keywords
Compound interest - Compound interest is the interest calculated on the original amount and the interest accumulated over the previous period.
Tree diagrams - Tree diagrams are a representation used to model statistical/probability questions. Branches represent different possible events or outcomes.
Probability tree - Each branch of a probability tree shows a possible outcome from an event or from a stage of a trial, along with the probability of that outcome happening.
+