Maths task – week of 07/07/20

Remember to explain your thinking / justify your reasons and write down the task number!

You may want to do your work on the computer (for example, Microsoft Word or PowerPoint) and email your response to the Year 5 Team.

Banks

What would you do if you were given £100?

Spent it?
Keep it safe at home?
Out it in a bank account?

Task 1
Complete table below. 

Why use a bank account?

There are several reasons why you may want to keep you money at your local bank:

* Your money is safe from theft, damage or loss (in the UK, deposits of up to £85,000 are automatically insured under the Financial Services Compensation Scheme)

* A bank account can help save you money

* You can get hold of your money almost anywhere with a debit card

* You get regular statements about the money in your account, and your  income and outgoings

* When you are older, wages can be paid directly into and bills paid directly out of your account

Task 2

Look at the adverts below.

What are they trying to persuade people to do or buy?

Do you think it is effective? Why?

Advert 1

Advert 2

Advert 3

Advert 4

Advert 5

Advert 6

Advert 7

Advert 8

Advert 9

Advert 10

Task 3

Design a poster to explain to other children the advantages of having a bank account.

It may help to look at the advertisement examples above or do your own research online.

Remember an effective poster should include:

* presenting your message in a simply way
* being eye-catching and memorable
* using  humour to make a point

Remember to explain your thinking / justify your reasons and write down the task number!

You may want to do your work on the computer (for example, Microsoft Word or PowerPoint) and email your response to the Year 5 Team.

8 thoughts on “Maths task – week of 07/07/20

  1. Halimah

    Task 1: What would you do if you were given £100?
    Spend it: Advantage:If you spend the money on the things that bring you joy, you can get comfortable clothes, you can get food and you can get furniture.
    Disadvantage:If you spend all of it in one go, you won’t have any saving for the things you need if you only get the things you want.
    Keep it at home: Advantages: If I keep it at home I can spend this money for the things that are necessary.
    Disadvantage: If you keep it at home it is likely going to get stolen or lost.
    Putting it in the bank account: Advantage: If you put in in the bank account it will be very safe and if you want to take some money you can take it out safely without it getting lost or stolen.
    Disadvantage:If you keep your money in a bank account, saving accounts will typically pay more interest.

    Reply
    1. amuhib Post author

      Halimah,

      Well done. You thought of the advantages and disadvantages of each situation.

      Reply
  2. Yahya

    What is a Bank Account?
    A Bank Account is an account where you can keep your money safe and you can take and put money in the account when ever you want.
    Instead of carrying a big amount of your money with you, having a bank account gives you the option to get money from a variety of locations using a debit card.

    Reply
  3. Zayan

    Zayan’s Maths Work ( Task 1 )
    If you’re an adult you would most likely save up or if you’re a child you would spend most or all the money.
    Advantages: You have more money and you can spend whatever your heart desires.
    Disadvantages: £100 is not that much and if you barely buy anything with £100 and most rents and bills is more than paying for £100.

    Reply
    1. amuhib Post author

      Zayan,

      You’re right to say that £100 in terms of bills and rent is not that much.

      Reply
  4. Adiba

    Spend it:
    Advantages| Buy limited items for entertainment or enjoy yourself at cafes and shops
    Disadvantages| Realising you spent all your money so you cant pay for bills or pay for vital items
    Keep it at home:
    Advantages| Be able to save more easily without being tempted to spend it
    Disadvantages| You might get robbed as Halimah said
    Putting it in a bank account:
    Advantages| Under care of professional bankers
    Disadvantages| Restrictions to withdrawal and fees

    Reply
    1. amuhib Post author

      Adiba,

      A good variety of reasons about pros and cons of keeping money in different places.

      Reply
  5. Tahmid k

    If I had £100 then I would save it because you can’t buy a lot with £100 so I would save it until I have £1000.

    Reply

Leave a Reply

Your email address will not be published.