Financial Mathematics

Office Worker - Bob

Salary$100,000

Choose a name for your group.

Get into groups of 3-4

Pick up a card from station A and calculate Bob’s salary after income tax.

Put your answer on the sheet at the front of the class.

Station A

Pick up a card from station B and calculate Bob’s savings.

Put the interest saved on the sheet at the front of the class.

Station B

Funny Moneyman Credit Card Game Show

http://www.youtube.com/watch?v=g6_YvIhPKMk

Credit card information

Bob buys a car for $5,000

Station C

Pick up a card from Station C to calculate how much he paid.

Put your answer on the sheet at the front of the class as a negative amount.

Which ‘Bob’ group is currently worth the most?

Bob buys a house.

Station D

Pick up a card from Station D to calculate the profit of the house.

Put your answer on the sheet at the front of the class.

Bob decides to go on holiday…he buys a tent.

Station E

Pick up a card from station E. How much did he pay for the tent? Put your answer on the sheet at the

front of the class as a minus.

$730

Which group has saved the most and why?

• You all had an annual salary of

$100,000.

• You all bought a car worth $5,000 and a tent worth $730.

• You all bought a house worth $500,000.

In groups, make another question for a new station.

Discuss the probability of picking the most profitable card at each station.

What are common errors made when spending/budgeting?

Finally

Next week we will be starting probability…

Probability….