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Prerequisites
- A knowledge of the four operations from lessons N2a, N2b, N2c and N2d is assumed.
- R4a – Using ratio notation, and reducing ratios to simplest form
- R6a – Expressing a multiplicative relationship between two quantities as a ratio or a fraction
Part 1 – Arithmetic with money
Click the tabs for extension tasks…
You have four standard British coins.
- What is the greatest possible total value of these coins?
- £8
- What is the lowest possible total that cannot be made using four or fewer standard British coins?
- 38p
Teacher resources for Part 1
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- Slides in PPTX (with click-to-reveal answers)
- Slides in PDF (one slide per page, suitable for importing into IWB software)
- Worksheet G14c Part 1 Arithmetic with money
- Handout (slides with exercises only; 4 per page for reduced printing)
Links to past exam and UKMT questions
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Part 2 – Converting between currencies
Teacher resources for Part 2
Links to past exam questions
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Unlimited practice questions: converting between currencies
In the real world
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Vocabulary note
What is the plural of penny? And have you ever heard people say the penny dropped when describing the moment someone realises something? Where did this idiom come from?
What next?
“Time is money” is an oft-quoted phrase attributed to Benjamin Franklin, and it relates to the economic concept of opportunity cost. The following lesson doesn’t require you to have understood this lesson on money, but it may be a good one to move onto: