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Created by Mr.Lafferty Maths Dept

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Presentation on theme: "Created by Mr.Lafferty Maths Dept"— Presentation transcript:

1 Created by Mr.Lafferty Maths Dept
House Insurance General House Insurance Contents Insurance Car Costs Car Insurance 23-Feb-19 Created by Mr.Lafferty Maths Dept

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Starter Questions General Q1. Calculate Q x 8 Q ÷300 Q4. 23-Feb-19 Created by Mr.Lafferty Maths Dept

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House Insurance General Learning Intention Success Criteria To explain the how to calculate building insurance for a house. Why we have house building insurance. 2. Calculate the value of building insurance given the value of the house.. 23-Feb-19 Created by Mr.Lafferty Maths Dept

4 House Insurance www.mathsrevision.com
General You have to buy building insurance in case anything goes wrong with the house. Write down 3 things that could go wrong. It is normal to quoted insurance per £1 000 of the value of the house. Safe & Secure Insurance Company Building Insurance rate is £2.50 per £1 000 23-Feb-19 Created by Mr.Lafferty Maths Dept

5 House Insurance www.mathsrevision.com
General Example 1 : How much is the insurance for a house valued at £ Safe & Secure Insurance Company Building Insurance rate is £2.50 per £1 000 Value Premium (cost of Insurance) £1 000 £2.50 £40 000 £100 23-Feb-19 Created by Mr.Lafferty Maths Dept

6 House Insurance www.mathsrevision.com
General Example 2 : I decided to increase my insurance from £ to £ cover. How much more did it have to pay. Safe & Secure Insurance Company Building Insurance rate is £2.50 per £1 000 Value Premium (cost of Insurance) £1 000 £2.50 £10 000 £25 more 23-Feb-19 Created by Mr.Lafferty Maths Dept

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House Insurance General Now try Exercise 2 MIA (page 74) 23-Feb-19 Created by Mr.Lafferty Maths Dept

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Starter Questions General 23-Feb-19 Created by Mr.Lafferty Maths Dept

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Contents Insurance General Learning Intention Success Criteria To explain how to calculate contents insurance. 1. Understand why we need contents insurance. 2. Calculate contents insurance. 23-Feb-19 Created by Mr.Lafferty Maths Dept

10 Contents Insurance A B C D E F G H www.mathsrevision.com District
General The table shows different values for contents insurance for different districts. District A B C D E F G H Rate per £1000 3.00 4.50 5.00 6.00 7.00 9.50 12.00 15.00 Write down some reasons for the difference in prices. 23-Feb-19 Created by Mr.Lafferty Maths Dept

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Contents Insurance General Example 1 : How much for contents insurance if the valuables in my house are worth £ and I live in District E. District A B C D E F G H Rate per £1000 3.00 4.50 5.00 6.00 7.00 9.50 12.00 15.00 E - rate is £7 per £1 000 £ 70 23-Feb-19 Created by Mr.Lafferty Maths Dept

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Contents Insurance General Example : How much for Buildings insurance and contents insurance if a house in District A is valued at £ and contents are valued at £5 000. Buildings insurance : £200 Contents insurance : £ 15 Total : £215 23-Feb-19 Created by Mr.Lafferty Maths Dept

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Contents Insurance General Now try Exercise 3 MIA (page 74) 23-Feb-19 Created by Mr.Lafferty Maths Dept

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Starter Questions General 23-Feb-19 Created by Mr.Lafferty Maths Dept

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Car Costs Level E Learning Intention Success Criteria To calculate work various car costs. 1. Understand various car costs. 2. Calculate various costs for running a car ie. Petrol cost etc…. 23-Feb-19 Created by Mr.Lafferty Maths Dept

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Car Costs General Write down as many costs to keep a car on the road. Petrol Road Tax Insurance Services & Repairs 23-Feb-19 Created by Mr.Lafferty Maths Dept

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Car Costs General Example 1 : I travel 30 miles on 1 gallon of petrol. How many gallons does it take to travel 270 miles. Distance Petrol (cost of Insurance) 30 miles 1 gallon 270 miles 9 gallons 23-Feb-19 Created by Mr.Lafferty Maths Dept

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Car Costs General Example 2 : My second hand car cost me £1200 a year ago. It is now worth £900 pounds. Calculate the percentage drop in fall. Drop in value in pounds is £ £900 = £300 Percentage drop is 23-Feb-19 Created by Mr.Lafferty Maths Dept

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Car Costs General Now try Exercise 4 MIA (page 77) 23-Feb-19 Created by Mr.Lafferty Maths Dept

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Starter Questions General 23-Feb-19 Created by Mr.Lafferty Maths Dept

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Car Insurance General Learning Intention Success Criteria To calculate car insurance from a table of values taking account various factors. 1. Read information from a chart. 2. Calculate car insurance taking in various factors. 23-Feb-19 Created by Mr.Lafferty Maths Dept

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Car Insurance General Table shows different values for car insurance for different districts and type of car. District Car Group A B C D E F 1 347 437 507 615 770 832 2 357 447 520 630 784 845 4 427 532 620 735 895 970 Discount of 30 % - 1 year no claims Discount of 50 % - 2 years no claims. 23-Feb-19 Created by Mr.Lafferty Maths Dept

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Car Insurance General Car Group A B C D E F 1 347 437 507 615 770 832 2 357 447 520 630 784 845 4 427 532 620 735 895 970 Discount of 30 % - 1 year no claims Discount of 50 % - 2 years no claims. How much will it cost for car insurance in District F with a car group 4. £970 23-Feb-19 Created by Mr.Lafferty Maths Dept

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Car Insurance General District Car Group A B C D E F 1 347 437 507 615 770 832 2 357 447 520 630 784 845 4 427 532 620 735 895 970 Discount of 30 % - 1 year no claims Discount of 50 % - 2 years no claims. How much will it cost for car insurance in District F with a car in group C with 1 year no claims. 23-Feb-19 Created by Mr.Lafferty Maths Dept

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Car Insurance General Car Group A B C D E F 1 347 437 507 615 770 832 2 357 447 520 630 784 845 4 427 532 620 735 895 970 Discount of 30 % - 1 year no claims Normal cost would be £620 10% of £620 = £62 30% £62 x 3= £186 Discount is 30% of £620 Total cost = £620 - £186 = £434 23-Feb-19 Created by Mr.Lafferty Maths Dept

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Car Insurance General Now try Exercise 5 MIA (page 78) 23-Feb-19 Created by Mr.Lafferty Maths Dept


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