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.

Unit quizzes are being retired in August 2023

Why we're removing unit quizzes from the website >
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!

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.

Unit quizzes are being retired in August 2023

Why we're removing unit quizzes from the website >
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!

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

Click on the play button to start the video. If your teacher asks you to pause the video and look at the worksheet you should:

  • Click "Close Video"
  • Click "Next" to view the activity

Your video will re-appear on the next page, and will stay paused in the right place.

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.

Unit quizzes are being retired in August 2023

Why we're removing unit quizzes from the website >
Quiz:

Growing Money

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

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.

Unit quizzes are being retired in August 2023

Why we're removing unit quizzes from the website >
Quiz:

Growing Money

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

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

It looks like you have not completed one of the quizzes.

To share your results with your teacher please complete one of the quizzes.

Time to move!

Did you know that exercise helps your concentration and ability to learn?

For 5 mins...

Move around:
Walk

On the spot:
Dance

The next lesson in:
Money matters
is:
Men and women at work

Browse Oak's lessons: