How good a shopper are you? Can you work out the best deals? Money Advice has made this short 4 question quiz to see if you are being taken for a ride by the supermarkets!
There is also a pdf version here. moneyadvicesupermarketquiz
This is one in a large series of short videos from NCETM showing how people use maths at work. See the others here.
Here is a great phone app that will help you with your arithmetic so you don’t need to be afraid when you are faced with that non-calculator exam. It’s called Maths Tricks and shows you lots of short cuts to performing calculations and gives you endless practice to improve your speed and accuracy. Best of all it’s free!
You can find it on Google Play. I am recommending this because it is good, not because I have any connection to the app.
To do this quiz you need to understand the mean, mode, median and range.
2. Write down the last two digits of the year. (eg 74)
3. Divide by 4 and ignore the decimal part or remainder. (eg 74 ÷ 4 = 18)
4. Add together the answers to 1 and 2 (eg 74 + 18 =92)
5. Add the number of the day of your date of birth. (eg 92 + 25 =117)
6. Add a number according to your month of birth as follows.
JAN 1 (0 for Leap Year) How do you tell if a year is a leap year?
FEB 4 (3 for Leap Year) How do you tell if a year is a leap year?
(eg 117 + 6 for Dec = 123)
For years beginning 18.. add 2
For years beginning 19.. add 0
For years beginning 20.. add 6
(eg 123 +0 = 123)
Divide your answer by 7 and work out the remainder.
(eg 123÷ 7 = 17 remainder 4)
The remainder gives the day of the week you were born on.
1 = Sunday
6 = Friday
7 = Saturday
(s0 25.12.74 was a Wednesday)
Leap years have an extra day in February, so there are 29 days in February and 366 days in a leap year. Lots of people believe that if a year is divisible by 4 it is a leap year. However there are some exceptions to this.
To work it out follow these instructions.
Many people on a low income are not able to open a bank account. If they need to borrow money they can be offered loans with massive rates of interest. This exercise looks at how to calculate interest rates and compares different ways of borrowing money.
The video mentions two businesses in particular. Wonga.com and Quick Quid both charge interest rates in excess of 2000%. Do you know of higher rates of interest? Please comment below to name and shame the loan sharks!
The same exercise is here in worksheet format.
The Joseph Rowntree Foundation research into the minimum income standards for the UK. The Minimum Income Standard for the UK shows how much money people need, so that they can buy things that members of the public think that everyone in the UK should be able to afford.
- Figures are based on public views about a minimum standard that nobody should fall below.
- It does not show you what you require to meet all your individual needs, and is not suitable for use as a personal budgeting tool.
By entering a few details about your circumstances you can compare your income with the MIS, and see how this is made up. For instance my children are now all grown up and have left home, so I live with my wife. When I have entered details about my rent/mortgage. gas/electric/water bills etc it tells me the minimum income I require is £23,099. They break this down into how much I need for food, alcohol. council tax, clothing etc. It makes very interesting reading!
Go to http://www.minimumincome.org.uk/ and enter your details to see what it suggests for your household.
Try this exercise to find out about a single persons minimum income. It will also help you to calculate percentages.
This video shows how to divide by a decimal.
When you’ve watched the video try this quiz to see if you’ve got it.
How many nurses could be employed with the money given in bonuses to RBS bankers? You can work it out here!
Download, print and cut out the triangles. Work with a friend to try and match all the questions with the correct answers and make a shape.