Do it now task 1Work out:1. 10% of £12000

2. 20% of £9000

3. 50% of £18000

4. 60% of £6000

5. 40% of £12000

Example 110% of £2000£2000 ÷ 10 = £200

Example 2 30 % of £4000£4000 ÷ 10 = £4003 × £400 = £1200

Do it now task 2Convert the following to litres:

1. 2 gallons

2. 5 gallons

3. 10 gallons

4. 14 gallons

5. 40 gallons

1 gallon is approximately 4.5 litres

Example 3 gallons is 3 × 4.5 litres = 13.5 litres

Buying and Owning a Car

http://www.youtube.com/watch?v=pvlroEvrFZY

• What interesting facts did you learn about in this video clip?

• What important facts are missing from this video clip?

• What are the financial considerations when buying a new car?

Lesson Objective:We are learning to calculate the costs of buying and running a new car over 3 years

All: Work out simple percentages of amounts and convert gallons into litresMost: Identify the tax band and calculate the price of a car.Some: Calculate the cost of insurance and fuel for each person over 3 years and the second hand sale value of a vehicle after 3 years.

Your task• You will be working in pairs• You will need to use the booklet provided to help you: 1. Choose a character and then choose their car2. Work out the cost of buying the new car.3. Over a three year period:

a. Identify the total cost of road tax for the vehicleb. Calculate how much it would cost your character to insure their car over

the periodc. Calculate the total cost of fuel for your character/vehicle combinationd. Work out how much the car will be worth to sell on after three years.

4. Work out the total cost to your character over a three year period.

Lo: We are learning to calculate the costs of buying and running a new car over 3 years