The aim is to encourage students to practice calculating percentage change, but it will also help with basic arithmetic & finances.
It should last an hour, including time for a quick starter, explanation, é a plenary discussion.
Students are commodity traders looking to make as much profit as possible. There are six rounds and a 'newsflash&' each round, students should decide what to invest their $2000 in. The prices change by different percentages each round, so students will need to calculate these in order to find out how much revenue é therefore profit they have made.
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I really like the look of this and want to try it with my Year 8 group. I have a question though - the prices change each round, but do they reset to the original world prices at the start of each new round or do the percentages have a compound effect? Thanks
Used with my year 7 top set maths group. Worked very well to look at percentage change. The only thing I'd change is that there's a bit on the first page that states the formula for percentage change, which isn't really what the sheet asks for.
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