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

Themed around two different Burns Night dinner menus, the main focus is money and problem solving. 

In addition, the E3-L1 section covers percentages and rounding, and the E1-E3 section includes questions on time, sorting and classifying, and extracting data. 

Includes extra alcohol-free menus (no whisky or tipsy laird!), curriculum mapping and suggested marks. 

Level
Entry Level 1
Entry Level 2
Entry Level 3
Level 1
Maths
FM Straightforward problem(s) with more than 1 step
FM E1.1 Read, write, order, compare numbers to 20
FM E1.3 Add numbers which total up to 20, & subtract numbers from numbers up to 20
FM E2.12 Calculate money with pence up to £1 & in whole £s of multiple items, use correct symbols (£ or p)
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 L1.11 Add, subtract, multiply & divide decimals up to 2 decimal places
FM E1.6 Read 12 hour digital & analogue clocks in hours
FM E1.7 Know the number of days in a week, months, & seasons in a year. Name & sequence them.
FM E2.13 Read & record time in common date formats, & read time displayed on analogue clocks in hours, half hours & quarter hours, & understand hours from a 24-hour digital clock
FM E3.13 Read time from analogue & 24 hour digital clocks in hours & minutes
FM E1.12 Sort & classify objects using a single criterion
FM E2.24 Sort and classify objects using two criteria
FM E1.11 Read numerical information from lists
FM E2.25 Take information from one format and represent the information in another format including use of bar charts
Context
Catering Food Nutrition
History, culture, museums, libraries

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