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

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

E3

L1

L2

Maths

FM Simple one step problem(s)

FM Straightforward problem(s) with more than 1 step

FM L1.16 Recognise and calculate equivalences between common fractions, percentages and 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% on amounts of money

FM L1.29 Find the mean and range of a set of quantities

FM L2.23 Calculate the median and mode of a set of quantities

Context

Catering Food Nutrition