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Money

www.mathsrevision.com

Level 2

Revision Money Level 1


Foreign Exchange Rates
Converting Back to s
20 Oct 2016

Created by Mr.Lafferty Maths Dept

Starter Questions

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Level 2

Q1.

Convert to 24hr clock

Q2.

Round to 1 decimal place 103.525

Q3.
Q4.

20 Oct 2016

8.15am

How many minutes in 6 hours


Find the time difference between
5.12am and 2.34pm

Created by Mr.Lafferty Maths Dept

10.02pm

Money Problems

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Level 2

Revision Level 1
Learning Intention
1. To revise Level 1 mixed
money problems.

20 Oct 2016

Success Criteria
1. Solve mixed money problems.

Created by Mr.Lafferty Maths Dept

Money Problems

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Level 2

Revision Level 1
Example :

I bought some items in a sports shop.


I paid with 4 20s notes.
What was my change.

4 x 20 = 80

Trainers
Tennis Racket
Football
80.00
- 73.49
6.51

20 Oct 2016

Created by Mr.Lafferty Maths Dept

59.99
8.51
4.99
73.49

Money Problems

www.mathsrevision.com

Level 2

Revision Level 1
Example :

Copy and complete the bill.

A tax
Added by
Government

Parts
39.75
Labour
48.30
Sub-Total 88.05
+ VAT

11.62

Total Bill 99.67

20 Oct 2016

Created by Mr.Lafferty Maths Dept

Money Problems

www.mathsrevision.com

Level 2

Revision Level 1
Example :

Work the cost of 30 litres of unleaded.

10 x 98.9 = 9.89
x3
29.67

20 Oct 2016

Created by Mr.Lafferty Maths Dept

4 - Star

92.9p

Unleaded 98.9p
Diesel

100.9p

Money

www.mathsrevision.com

Level 2

Revision of Level 1

Now try Exercise 1


Ch4 (page 49)

20 Oct 2016

Created by Mr.Lafferty Maths Dept

Starter Questions

www.mathsrevision.com

Level 2

Q1.

Convert to 12 hr clock

Q2.

Round to 1 decimal place 0.657

Q3.
Q4.

20 Oct 2016

20 23

How many minutes in a day


Find the time difference between
16 29 and 22 17

Created by Mr.Lafferty Maths Dept

05 32

Foreign Currency

www.mathsrevision.com

Level 2

Converting to another currency

Learning Intention
1. We are learning how to
convert s to another
currency give the
exchange rate.

Success Criteria
1. Understand the term
exchange rate and the
process of the proportion
method.
2. Convert s to another
currency give the exchange
rate using the proportion
method.

20 Oct 2016

Created by Mr.Lafferty Maths Dept

Foreign Currency

www.mathsrevision.com

Level 2

Converting to another currency

Up until 1st January 2002, all the countries in Europe


had their own type of money (currency).
The euro was introduced and the other currencies were
no longer accepted.
Britain still uses the pound () and when you go to Europe
on holiday you have to change your pounds to euros.
A euro is divided into 100 parts and each part is called a cent
20 Oct 2016

Created by Mr.Lafferty Maths Dept

Are we
expecting
or lessConverting to another currency
Levelmore
2

Foreign Currency

www.mathsrevision.com

Exchange rate : This is the number of euros you get for a 1

Example :

How many euros will


I get for 100.

Proportion method

1.44
(more) 100

100
1.44
1

20 Oct 2016

144

Created by Mr.Lafferty Maths Dept

Exchange rate 1=
Euro
1.44
Dollar $
1.51
Yen
190

Are we
expecting
Level 2
more or lessConverting to another currency

www.mathsrevision.com

Foreign Currency

Example : How many Dollars


will I get for 50.

Proportion method

$
1

1.51
(more) 50

50
1.51 $75.50
1

20 Oct 2016

Created by Mr.Lafferty Maths Dept

Exchange rate 1 =
Euro
1.44
Dollar $
1.51
Yen
190

Are we
expecting
Level 2
more or lessConverting to another currency

www.mathsrevision.com

Foreign Currency

Example : A iPod costs 300 in


Scotland and 420 in Spain.
WhichProportion
is the better
buy ?
method

1.44
(more) 300

300
1.44 432
1

Should buy in Spain and save 12


20 Oct 2016

Created by Mr.Lafferty Maths Dept

Exchange rate 1 =
Euro
1.44
Dollar $
1.51
Yen
190

Foreign Currency

www.mathsrevision.com

Level 2

Converting to another currency

Now try Exercise 2


Ch4 (page 53)

20 Oct 2016

Created by Mr.Lafferty Maths Dept

Starter Questions

Level 2

www.mathsrevision.com

1. Find the missing angle


2. 3 cans of juice cost 2.40.
How much for 2 cans.
3. 78 10
4. Find 2 numbers that add to 20
and divide to give 1.
20 Oct 2016

Created by Mr.Lafferty Maths Dept

124o

Foreign Currency

www.mathsrevision.com

Level 2

Converting back to s
Learning Intention
1. We are learning how to
convert another currency
back to s.

Success Criteria
1. Understand the process of
the proportion method.
2. Convert another currency
back into s using the
exchange rate.

20 Oct 2016

Created by Mr.Lafferty Maths Dept

Are we
expecting
Level 2
more or less

www.mathsrevision.com

Foreign Currency

Example :

Converting back to s
How many s will
I get for 20 .

Proportion method

1.44
1
(more)
20

20
1 13.89
1.44

20 Oct 2016

Created by Mr.Lafferty Maths Dept

Exchange rate 1=
Euro
1.44
Dollar $
1.51
Yen
190

Are we
expecting
Level 2
more or less

www.mathsrevision.com

Foreign Currency
Converting back to s

Example : A business man returns


from America with $450.
He converts them back to s.
How much will he get back ?
Proportion method
$

1.50
1
(more)
450

450
1 300
1.5

20 Oct 2016

Created by Mr.Lafferty Maths Dept

Exchange rate 1 =
Euro
1.44
Dollar $
1.50
Yen
190

Foreign Currency

www.mathsrevision.com

Level 2

Converting back to s

Now try Exercise 3


Ch4 (page 55)

20 Oct 2016

Created by Mr.Lafferty Maths Dept

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