Growing money

Today we will look at interest rates. How do they work when we are saving money with a bank or building society? And how do they work when we are borrowing from them?

This quiz includes images that don't have any alt text - please contact your teacher who should be able to help you with an audio description.

Quiz:

Intro quiz - Recap from previous lesson

Before we start this lesson, let’s see what you can remember from this topic. Here’s a quick quiz!

Question 1

Question 2

Question 3

Question 4

Q1.Which of the following is a key reason why we have money?

1/4

Q2.Before the invention of money, what was one way that people would obtain the goods they needed?

2/4

Q3.Which of the following is NOT a method we can use to pay for things?

3/4

Q4.Which of the following are important reasons why we should save?

4/4

This quiz includes images that don't have any alt text - please contact your teacher who should be able to help you with an audio description.

Quiz:

Intro quiz - Recap from previous lesson

Before we start this lesson, let’s see what you can remember from this topic. Here’s a quick quiz!

Question 1

Question 2

Question 3

Question 4

Q1.Which of the following is a key reason why we have money?

1/4

Q2.Before the invention of money, what was one way that people would obtain the goods they needed?

2/4

Q3.Which of the following is NOT a method we can use to pay for things?

3/4

Q4.Which of the following are important reasons why we should save?

4/4

Video

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This quiz includes images that don't have any alt text - please contact your teacher who should be able to help you with an audio description.

Quiz:

Growing Money

Don’t worry if you get a question wrong! Forgetting is an important step in learning. We will recap next lesson.

Question 1

Question 2

Question 3

Q1.What mathematical sign is used to work out interest?

1/3

Q2.What is the word used when someone borrows money from the bank?

2/3

Q3.What are the risks of taking out a loan?

3/3

This quiz includes images that don't have any alt text - please contact your teacher who should be able to help you with an audio description.

Quiz:

Growing Money

Don’t worry if you get a question wrong! Forgetting is an important step in learning. We will recap next lesson.

Question 1

Question 2

Question 3

Q1.What mathematical sign is used to work out interest?

1/3

Q2.What is the word used when someone borrows money from the bank?

2/3

Q3.What are the risks of taking out a loan?

3/3

Lesson summary: Growing money

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