Lesson 11 quiz C1 and C2

Welcome T3!
Please sit according to your seating plan :)

Take out your laptop

Economics: lesson eleven

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Slide 1: Slide
EconomieMiddelbare schoolhavoLeerjaar 3

This lesson contains 14 slides, with interactive quizzes and text slides.

time-iconLesson duration is: 60 min

Items in this lesson

Welcome T3!
Please sit according to your seating plan :)

Take out your laptop

Economics: lesson eleven

Slide 1 - Slide

Slide 2 - Slide

Any questions?

Chapter 1 Money moves around
Chapter 2 Dealing with money

Slide 3 - Slide

Write down one primary need and one secondary need

Slide 4 - Open question

Name an example of being self-sufficient

Slide 5 - Open question

Fixed expenses
Flexible expenses
Discretionary expenses
Mortgage
Vacation
Groceries

Slide 6 - Drag question

Income from labour 
Income for assets
Transfer income
Wage
Benefits / allowance
interest / rent

Slide 7 - Drag question

Budget & budget line
Raza earns €5 income from labour and €7,5 allowance from her parent. What is her montlhy budget? (two decimal places)

Use €55 --> Draw a budgetline for Raza if a panini costs €2,75 and a few pizza slices cost €5,-

Slide 8 - Slide

Write down a saving motive + example

Slide 9 - Open question

Compound and single interest
Holly Happy deposits € 1,750 for three years on a savings account with 3% interest

Q1: Calculate the final amount on her savings balance after three years. Do this with compound interest. 
Q2: Calculate the interest Holly receives. Do this with single interest. 




Q1: (1+0,03)^3 x €1750 = €1912,27 new balance

Q2: €1750 x 0,03 = €52,50
€52,50 x 3 years = €157.50 interest after 3 years

Slide 10 - Slide

Credit costs
Rowan wants to buy a scooter for € 2,500. He takes out a loan for that amount and repays it in 3 years. 
Every month you pay € 75

Q1: Calculate the credit costs.
Q2: Calculate the interest in %


Q1: 3 years x 12 = 36 months
36 x €75 - €2500 = 200

Q2: 200 : 2500 x 100% = 8%

Slide 11 - Slide

Monday: testday
The test takes 60 minutes so:
- Please be on time and find your seat
-Take out a pen, your setsquare and your calculator
- Mobile phone, pencilcase and all other stuff will be places inside your bag that will be zipped up

After that I will hand-out the test!

Slide 12 - Slide

Explain the difference between a linear- and annuity mortgage

Slide 13 - Open question

Slide 14 - Slide