Lesson 10 quiz C1,2&3

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Economics: lesson nine

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Slide 1: Slide
EconomieMiddelbare schoolhavoLeerjaar 3

This lesson contains 17 slides, with interactive quizzes and text slides.

time-iconLesson duration is: 60 min

Items in this lesson

Welcome T3!
Please sit according to your seating plan :)

Take out your laptop

Economics: lesson nine

Slide 1 - Slide

Slide 2 - Slide

Slide 3 - Slide

Any questions?

Chapter 1,2,3

Slide 4 - Slide

Write down a saving motive + example

Slide 5 - Open question

Name an example of being self-sufficient

Slide 6 - Open question

Write down one primary need and one secondary need

Slide 7 - Open question

Fixed expenses
Household expenses
Incidental expenses
Mortgage
Vacation
Groceries

Slide 8 - Drag question

Income from labour 
Income for property
Transfer income
Wage
Benefits / allowance
interest / rent

Slide 9 - Drag question

Primary income
Secundary income
Wage
Transfer income 
Rent from property

Slide 10 - Drag question

Budget & budget line
Raza earns €5 income from labour and €7,50 allowance from her parents per week. What is her montlhy budget? (two decimal places)

Use €55 --> Draw a budgetline for Raza if a panini costs €2,75 and a few pizza slices cost €5,-

Slide 11 - Slide

Slide 12 - Slide

Credit costs
Rowan wants to buy a scooter for € 2,500. He takes out a loan for that amount and repays it in 3 years. 
Every month you pay € 75

Q1: Calculate the credit costs.
Q2: Calculate the interest in %


Q1: 3 years x 12 = 36 months
36 x €75 - €2500 = 200

Q2: 200 : 2500 x 100% = 8%

Slide 13 - Slide

Compound and single interest
Holly Happy deposits € 1,750 for three years on a savings account with 3% interest

Q1: Calculate the final amount on her savings balance after three years. Do this with compound interest. 
Q2: Calculate the interest Holly receives. Do this with single interest. 




Q1: (1+0,03)^3 x €1750 = €1912,27 new balance

Q2: €1750 x 0,03 = €52,50
€52,50 x 3 years = €157.50 interest after 3 years

Slide 14 - Slide

Q1: (1+0,03)^3 x €1750 = €1912,27 new balance

Q2: €1750 x 0,03 = €52,50
€52,50 x 3 years = €157.50 interest after 3 years

Slide 15 - Slide

Explain what collateral is using the term mortgage

Slide 16 - Open question

Slide 17 - Slide