Functional Skills Maths Level 2 Practice 1

Master financial math! Solve real-world problems on value, discounts, interest, budgeting, and pay.

A pet shop sells a 6 can multipack of dog food for £3.18 and a 15 can multipack for £7.80. Which multipack is the best value for money? Gillian is buying a new carpet that she would like fitting in her lounge. The carpet showroom offers Gillian free fitting or 20% off her total bill. The cost of the carpet is £396.50. The cost of fitting is £120.00. Which offer will save Gillian the most money? Lara takes out a loan of £10 950 to pay for a car. She pays back the loan in one year plus 12% interest. How much money did Lara pay back in total? Yusuf puts £40 in a savings account that earns 5% compound interest per annum. How much money does he have after 3 years? Frank puts £ 1825 in a pension fund that earns 6% compound interest per annum. How much is the pension worth after 2 years? Deborah is planning a holiday. Her budget is shown in the table below:What percentage of Deborah's total budget is set aside for shopping? Jill is supposed to work 37.5 hours a week and earns £9.62 per hour. During a busy week she is asked to work a total of 40 hours. For the extra hours her pay is increased to £12.10 an hour. How much will Jill earn this week?