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Spend A Million!

Spend A Million!. What if?? A Maths Project for Year 4 at Cranbourne East Primary. Time to Win Some Money!. CONGRATULATIONS! You have WON!!!. You have won $ 1,000,0000 How would you like to spend it ? You may spend it on ANYTHING you want. But as always, there are a few conditions. .

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Spend A Million!

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  1. Spend A Million! What if?? A Maths Project for Year 4 at Cranbourne East Primary

  2. Time to Win Some Money!

  3. CONGRATULATIONS!You have WON!!! • You have won $1,000,0000 • How would you like to spend it? • You may spend it on ANYTHING you want. • But as always, there are a few conditions.

  4. The fine print • You must spend one million dollars to the exact cent. • You cannot buy more than one of any item. E.G. You cannot buy two houses or two cars. • You must cut every item you purchased out from a catalogue, newspaper or internet with costs or receipts. • All ‘cut outs’ must have the price clearly marked. • All of you working out must be done in your workbook and show your understanding of trading. • Prices need to be added up on an Excel spreadsheet, that ends with the eventual balance of zero dollars. • You could purchase items at random or follow a common theme. Eg. Setting up a house or going on a holiday.

  5. Step One: Create a budget. • This is a list of the items that you would like to buy and an estimation of their cost. • Don’t forget to work out the total cost of all of the items.

  6. Step Two: Go Shopping! • This is the fun part! • Begin with the ‘big ticket’ items. • Make sure you cut out the item and that price is clearly marked. • You may use newspapers, magazines and catalogues. You may also use the internet at home. • Test your estimation skills • Complete your shopping before you do any of your working out. • See how close you can get to your $1,000,000 budget.

  7. Step Three: Calculating • You will need to keep track of your spending by subtracting the cost of each item as you go. • You must show your ability to subtract with borrowing. Hint… • You will be able to double check your work by completing the ‘inverse operation’. This means adding up the cost each item

  8. Step Four: Keeping a Record • You will need to keep a record of your spendingin your Maths book. When you have finished… • You mayn input all of your spending into Microsoft Excel • You will need to use the ‘Auto Sum’ function to add up the cost of all of your items. • Your teacher will be able to help you with this

  9. Assessment • At the end of this project you will be able to: • Make an informed estimation of the total cost of a set of items. • Add and subtract using money and decimals (using trading). • Discuss the meaning of difference and how to work out how much you have left to spend. • Use MS Excel to represent and calculate data.

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