We continued the Finance Project with a look at finance in the news as it occurred such as the effect that the situation in Ukraine might have on gas bills, the rising costs of child-care and how this might affect family finances as well as the effects of bank interest rates over the past 5 years and how this alters how much is added on to savings in an account.
We spent another two lessons on compound interest and successive percentage change, before moving onto calculating VAT mentally. This then led onto looking at the cost of food shopping.
The class should log onto the MyMaths website and revise the lessons linked with percentages, in particular compound interest for next week. The percentage work can be found on the MyMaths website under Library – Number – Percentages – Percentage Change 1 & 2 as well as Number – Money & Finance – Simple Interest, Compound Interest and also Depreciation. The homework is also detailed on the website that the school now uses to inform parents of homeworks – https://harlawacademy.showmyhomework.co.uk
For next week the class are expected to investigate the costs of a family food shop, collating data on how much is spent on a number of typical items in a shopping trolley (perhaps even recording the cost per 100g of particular items), and we will then contrast that with data collected from previous years to spot how costs have altered.
