A starter designed at my GCSE class just to practice working out how to use interest rates and comparing methods of finance.
Feel free to change and adapt.
Answers:
Q1 - 22.5%
Q2 - £11,750
Q3 - £500 saved
Q4 - 50%
Q5 - 25%
Q6 - open to yourself what is the right answer but basically because the bank offer a lower rate because they get more profit in the long term with the larger loan.
Extention included.
Thanks,
philholt86
now added an extra quick questions resource.
just added a new short activity which can be used as a starter or a plenary
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Very simple and helpful worksheet. with appropriate scenario. Thanks just what l required for the topic.
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