Presentation is loading. Please wait.

Presentation is loading. Please wait.

Starter Questions.

Similar presentations


Presentation on theme: "Starter Questions."— Presentation transcript:

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


Download ppt "Starter Questions."

Similar presentations


Ads by Google