# FM L2.13 Calculate amounts of money, compound interest, percentage increases, decreases & discounts inc. tax & budgeting

L2.13 Calculate amounts of money, compound interest, percentage increases, decreases and discounts including tax and simple budgeting

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

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

This exercise can be used in several different ways. The cost of living crisis has hit everyone and this one pot pasta dish can save on gas/electric by making everything in one pan. The main idea is to cost the ingredients as it is, but then think of alternatives to the original recipe. Then if you double the recipe up, how much are you saving by buying 500g of mince? How much are you saving by buying a 4 pack tin of tomatoes? Look at the different prices of dried pasta. Look at how much frozen mince is. This is about converting g - kg too. It uses dividing and multiplying.

This is a Level 2 based Currency Conversion set of 4 questions with resource sheets and answers. All exchange rates resources were obtained from web sites such as The Post Office and the Bank of England.

**Editor's note**

Also provides useful practice in multiply, dividing with decimals (up to 4 decimal places); sensible rounding of answers; and extracting data from tables.

Challenging set of questions based on an infographic from a recent TV Licensing annual review. Aimed at L1-2 but a few questions are Entry 2/3 - there are also a couple of "stretch questions" making a bridge to GCSE. Two main topics are covered: working with very large numbers and percentages. Extracting data, equivalents and ordering decimals are also touched upon.