Level 3 Personal finance

Credit cards

Students use a recurrence relation to work out how long it takes to pay off a credit card loan and how much it costs. They can use a graphic calculator and/or spreadsheet to do the working.

Teacher spreadsheet  
Student sheets 2007   Student sheets 2007
Teacher notes 2007    Teacher notes 2007  

House price moving averages   

This activity uses UK house prices to introduce moving averages and weighted moving averages.

Slides   
Student data   
Student sheets Word 
Student sheets pdf  
Teacher notes Word   
Teacher notes pdf  
Teacher answers   

Annual Percentage Rate (APR)

Students calculate the APR in the simplest case where a sum of money is borrowed at a particular time and paid back, with interest, in a single payment at a later date.

Slides   
Student sheets Word  
Student sheets pdf  
Teacher notes Word 
Teacher notes pdf  

APR with more than one instalment

This resource shows students how to check and then find the APR in more difficult cases when a loan or debt is repaid in several annual instalments.   

Slides   
Student spreadsheet   
Student sheets Word 
Student sheets pdf  
Teacher notes Word   
Teacher notes pdf

Measuring inflation using Laspeyres index

Students use a formula to calculate Laspeyres index to obtain a measure of price changes during different periods of time. They use a spreadsheet and/or a calculator to do the working.

Slides  
Student sheets Word   Student sheets pdf  
Teacher notes Word   Teacher notes pdf  

Working with percentages  

Use this activity to check what percentage methods students use, and to encourage them to use efficient multiplier methods.

Slides  
Student sheets Word 
Student sheets pdf  
Teacher notes Word   
Teacher notes pdf