Money
Overview
Money calculations are the most everyday mathematics of all: working out a bill, a wage, a profit, or how much foreign currency you get for your own. The arithmetic is familiar, but accuracy with decimals and exchange rates is what turns a sensible method into the right answer.
In this lesson you will calculate confidently with money and convert from one currency to another using an exchange rate. These skills connect directly to percentages, ratio and rates.
Objectives
- Calculate with money.
- Convert from one currency to another.
Audio Lesson
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Mind map
This topic is mapped out so you can see how the ideas connect.
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Flashcards
Quick recall practice on the facts this topic is tested on.
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Lesson Note
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Lesson Evaluation
Congratulations on completing the lesson on Money. Now that youve explored the key concepts and ideas, its time to put your knowledge to the test. This section offers a variety of practice questions designed to reinforce your understanding and help you gauge your grasp of the material.
You will encounter a mix of question types, including multiple-choice questions, short answer questions, and essay questions. Each question is thoughtfully crafted to assess different aspects of your knowledge and critical thinking skills.
Use this evaluation section as an opportunity to reinforce your understanding of the topic and to identify any areas where you may need additional study. Don't be discouraged by any challenges you encounter; instead, view them as opportunities for growth and improvement.
- Items cost $12.50, $3.75 and $8.20. What is the total? A. $23.45 B. $24.45 C. $24.55 D. $25.45 Answer: B
- The exchange rate is $1 = £0.80. Convert $250 to pounds. A. £200 B. £250 C. £312.50 D. £450 Answer: A
- The exchange rate is $1 = £0.80. Convert £200 to dollars. A. $160 B. $200 C. $250 D. $280 Answer: C
- A shopper pays $30 for goods costing $24.45. What is the change? A. $5.45 B. $5.55 C. $6.55 D. $54.45 Answer: B
- Which is the correct way to write five dollars and fifty cents? A. $5.5 B. $5.05 C. $5.50 D. $5,50 Answer: C
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Recommended Books
Practice Mock Questions
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