Money Worksheet - A-Level - Intermediate
Money worksheet for A-Level / Vocational (Ages 16-18). Intermediate level maths practice, aligned to the UK National Curriculum. Print-ready with answer key included.
Advanced Money Mathematics
A-Level / Vocational (Ages 16-18) - Intermediate
Instructions: This worksheet explores various aspects of money mathematics, including interest calculations, currency conversions, and financial decision-making. Each activity is designed to challenge your understanding and application of mathematical concepts related to money.
Simple and Compound Interest Calculations
Calculate the future value of the investments using both simple and compound interest formulas. Show all your workings clearly.
1. Calculate the future value of £1,000 invested for 3 years at an annual simple interest rate of 5%.
2. Calculate the future value of £1,000 invested for 3 years at an annual compound interest rate of 5%. Assume interest is compounded annually.
Currency Conversion
Convert the given amounts from GBP to USD using the exchange rate of 1 GBP = 1.35 USD. Show your calculations clearly.
1. Convert £250 to USD.
2. Convert £1,500 to USD.
3. Convert £3,750 to USD.
Budgeting and Financial Planning
Analyse the monthly budget table and answer the questions. Consider how changes in expenses affect savings.
| Category | Income/Expense | Amount | Net Total |
| Salary | Income | £2 | 500 |
| £2 | 500 | Rent | Expense |
| £800 | £1 | 700 | Utilities |
| Expense | £200 | £1 | 500 |
1. Calculate the total expenses.
2. Determine the net savings for the month.
3. If the transport cost increases by £50, what will be the new net savings?
Investment Decision Making
Evaluate the two investment options below. Use the provided information to decide which investment is more profitable after 5 years. Provide a justification for your choice.
Option A: Invest £5,000 at a fixed annual interest rate of 4% compounded annually.
Option B: Invest £5,000 at a fixed annual interest rate of 3.5% compounded semi-annually.
Which option is more profitable? Justify your answer.
Loan Repayment Calculations
Calculate the monthly repayment for the loans using the annuity formula. Show all your workings.
1. Calculate the monthly repayment for a £10,000 loan with an annual interest rate of 6% over 5 years.
2. Calculate the monthly repayment for a £15,000 loan with an annual interest rate of 4.5% over 3 years.
Break-even Analysis
Using the cost and revenue data provided, calculate the break-even point. Show all calculations clearly.
Fixed Costs: £1,200
Variable Cost per unit: £15
Selling Price per unit: £25
Calculate the break-even point in units.
Activity 1: £1,150 ; £1,157.63
Activity 2: $337.50 ; $2,025 ; $5,062.50
Activity 3: £1,450 ; £1,050 ; £1,000
Activity 4: Option A is more profitable; £6,083.26 vs £6,075.79
Activity 5: £193.33 ; £445.93
Activity 6: 120 units
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