FM L1.18 Calculate simple interest in multiples of 5%

FM L1.18 Calculate simple interest in multiples of 5% on amounts of money

Subject content [reformed] functional skills: Mathematics (DfE, Feb 2018): 

https://www.gov.uk/government/publications/functional-skills-subject-content-mathematics

A resource I designed to help my L1 Functional Maths learners revise and check on areas they needed to work on. Covers ratio, mean, percentages, problem solving, fractions, area , volume and more!  

Editor's note

Fabulous practice and revision! Fully mapped to the Reformed Functional Maths criteria. If you are a resource contributor, an answer sheet is available :)  
See our Answer Sheets page for more details.

Level
Level 1
Maths
FM Straightforward problem(s) with more than 1 step
FM L1.9 Find fractions of whole number quantities or measurements
FM L1.11 Add, subtract, multiply & divide decimals up to 2 decimal places
FM L1.14 Calculate percentages of quantities, inc. simple percentage increase / decrease by 5% & multiples of
FM L1.18 Calculate simple interest in multiples of 5%
FM L1.19 Calculate discounts in multiples of 5% on amounts of money
FM L1.20 Convert between units of length, weight, capacity, money and time, in the same system
FM L1.21 Recognise & make use of simple scales on maps & drawings
FM L1.22 Calculate area & perimeter of simple shapes inc. those made up of combination of rectangles
FM L1.23 Calculate the volumes of cubes & cuboids
FM L1.24 Draw 2-D shapes & demonstrate an understanding of line symmetry & knowledge of the relative size of angles
FM L1.29 Find the mean & range of a set of quantities

Sparked after reading an article about a UK Which? report in The Guardian newspaper, and made in haste, this resource is aimed at Entry Level 3 (E3) and Level 1 (L1) learners but includes some E1-2 and L2 questions. There is no answer sheet – one might appear later for skillsworkshop contributors – but the teaching notes do include general marking guidance. 

Level
Entry Level 3
Level 1
Level 2
Maths
FM Simple one step problem(s)
FM Straightforward problem(s) with more than 1 step
FM L1.16 Recognise & calculate equivalences between common fractions, percentages & decimals
FM E3.10 Calculate with money using decimal notation & express money correctly in writing in pounds and pence
FM E3.11 Round amounts of money to the nearest £1 or 10p
FM L1.18 Calculate simple interest in multiples of 5%
FM L1.29 Find the mean & range of a set of quantities
FM L2.23 Calculate the median & mode of a set of quantities
Context
Catering Food Nutrition