Money and real-life problems

1. Money and real-life problems Numeracy skills are more widely used with money than with any other real-life problems. Here we are going to look at how to approach these problems.

2. Money and real-life problems When faced with a real-life problem there are several simple steps to follow in order to solve them. 1) Read the problem 2) Extract the data 3) Decide what type of calculation is needed 4) Show your working out 5) State clearly your solution

3. Money and real-life problems Sample question: A man pays a garage for work on his car. The mechanic charges £30 per hour plus the cost of parts. If the car owner needs 4 hours work and £65 of parts, how much does it cost the car owner? 1) Read the problem

4. Money and real-life problems Sample question: A man pays a garage for work on his car. The mechanic charges £30 per hourplus the cost of parts. If the car owner needs 4 hours work and £65 of parts, how much does it cost the car owner? 2) Extract the data

5. Money and real-life problems 3) Decide what type of calculation is needed 4 hours work at £30 per hourplus £65 of parts

6. Money and real-life problems 3) Decide what type of calculation is needed 4 x£30 + £65

7. Money and real-life problems 4) Show your working out 4 x£30 + £65 we always do x or ÷ first if there are no brackets.

8. Money and real-life problems 4) Show your working out £120 + £65 we always do x or ÷ first if there are no brackets.

9. Money and real-life problems 4) Show your working out £120 + £65 = £185

10. Money and real-life problems 5) State clearly your solution It costs the car owner£185

11. Money and real-life problems Remember: 1) Read the problem 2) Extract the data 3) Decide what type of calculation is needed 4) Show your working out 5) State clearly your solution