Money Worksheet - GCSE - Intermediate
Money worksheet for Key Stage 4 / GCSE (Ages 14-16). Intermediate level maths practice, aligned to the UK National Curriculum. Print-ready with answer key included.
Mastering Money Maths: Intermediate Challenges
Key Stage 4 / GCSE (Ages 14-16) - Intermediate Level
Instructions: This worksheet focuses on various aspects of money-related maths. You'll work through practical problems involving percentages, interest rates, and budgeting. Each activity is designed to enhance your understanding and application of mathematical concepts in real-world financial scenarios.
Percentage Increase and Decrease
Calculate the percentage increase or decrease for each scenario. Show all your workings clearly and write your answers in the provided boxes.
1. A jacket costs £50 and is increased to £60. What is the percentage increase?
2. A phone was priced at £200 but is now £150. What is the percentage decrease?
3. A car's value increased from £8,000 to £9,200. Calculate the percentage increase.
4. A laptop was £1,000 and is now £850. Find the percentage decrease.
Simple and Compound Interest
For each scenario, calculate the total amount after the interest is applied. Use the formulas for simple and compound interest where applicable.
1. £1,000 is invested at a simple interest rate of 5% per annum for 3 years. Calculate the total amount.
2. £500 is deposited in a savings account offering 4% compound interest per annum, compounded annually, for 2 years. What is the total amount?
3. £2,000 is invested at a simple interest rate of 3% per annum for 5 years. Find the total amount.
4. £750 is placed in an account with 6% compound interest per annum, compounded annually, for 3 years. Calculate the total amount.
Budgeting and Expenses
Analyse the monthly budget table and answer the questions based on the data provided. Consider how expenses are distributed and calculate totals and averages.
| Category | January | February | March |
| Rent | £600 | £600 | £600 |
| Groceries | £150 | £160 | £155 |
| Utilities | £100 | £95 | £110 |
| Transport | £50 | £55 | £60 |
1. What is the total expenditure on groceries over the three months?
2. Calculate the average monthly expense for utilities.
3. Which category had the highest total expenditure over the three months?
Exchange Rates
Convert the given amounts using the specified exchange rates. Show your calculations clearly.
1. Convert £500 to euros at an exchange rate of £1 = €1.15.
2. Convert €300 to pounds at an exchange rate of €1 = £0.87.
3. Convert £250 to US dollars at an exchange rate of £1 = $1.30.
4. Convert $400 to pounds at an exchange rate of $1 = £0.75.
Best Buy Problems
Determine which option provides the best value for money. Justify your answer with calculations.
1. Option A: 3 bottles of juice for £5.50. Option B: 5 bottles of juice for £9. Calculate the cost per bottle for each option and determine the best buy.
2. Option A: 4 packs of biscuits for £3.20. Option B: 7 packs for £5.60. Calculate the cost per pack and decide the best buy.
Calculating Discounts
For each item, calculate the final price after the discount is applied. Show your workings.
1. A shirt is priced at £40 with a 20% discount. What is the final price?
2. A book costs £15 with a 10% discount. Calculate the final price.
3. A pair of shoes is £75 with a 25% discount. Find the final price.
4. A jacket is £90 with a 30% discount. What is the final price?
Profit and Loss
Calculate the profit or loss for each scenario. Indicate whether it is a profit or a loss.
1. A bike is bought for £200 and sold for £250. Calculate the profit.
2. A TV is purchased for £500 and sold for £450. Calculate the loss.
3. A painting is bought for £1,200 and sold for £1,500. Calculate the profit.
4. A computer is purchased for £800 and sold for £750. Calculate the loss.
Understanding VAT
Calculate the VAT for each item and the total price including VAT. Assume a VAT rate of 20%.
1. A table costs £100. Calculate the VAT and total price.
2. A lamp costs £45. Calculate the VAT and total price.
3. A sofa costs £300. Calculate the VAT and total price.
4. A television costs £200. Calculate the VAT and total price.
Activity 1: 20% ; 25% ; 15% ; 15%
Activity 2: £1,150 ; £540.80 ; £2,300 ; £893.73
Activity 3: £465 ; £101.67 ; Rent
Activity 4: €575 ; £261 ; $325 ; £300
Activity 5: Option A ; Option B
Activity 6: £32 ; £13.50 ; £56.25 ; £63
Activity 7: £50 profit ; £50 loss ; £300 profit ; £50 loss
Activity 8: £20 ; £120 ; £9 ; £54 ; £60 ; £360 ; £40 ; £240
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