MA08-03 Maths Coming soon
Calculating with money and converting currencies
MA08-03
This lesson is coming soon.
In this lesson
Calculate with money and convert an amount from one currency to another using a given exchange rate, always labelling the final answer with the correct currency.
What it covers
- Converting an amount of money from one currency to another using a single given exchange rate
- Converting an amount through an intermediate currency using two given exchange rates (an indirect conversion)
- Labelling the final numerical answer with the correct currency every time, as a deliberate, checked step
- Straightforward money calculations (totals, change, cost comparisons) in a single currency, as the everyday-life context for the above
Key words
For: Cambridge IGCSE 0580, Edexcel IGCSE 4MA1
On the specification
| Board | Spec | Statement |
|---|---|---|
| Cambridge IGCSE 0580 | C1.16 | Calculate with money. |
| Cambridge IGCSE 0580 | E1.16 | Calculate with money. |
| Edexcel IGCSE 4MA1 | F1.10C | Understand and carry out calculations using time, and carry out calculations using money, including converting between currencies |
For teachers
This GCSE Maths lesson teaches calculating with money and converting currencies. By the end, students should be able to calculate with money and convert an amount from one currency to another using a given exchange rate, always labelling the final answer with the correct currency. It works through two worked examples and the mistakes examiners report.