GCSE Secondary Maths Age 13-17 - Ratio, Proportion & Rates of Change: Currency Calculations - Explained

The video tutorial explains how to convert British pounds to Turkish lira using a given exchange rate and how to approximate the cost of an item in pounds using a simplified exchange rate. It evaluates the method of using a simplified rate for quick calculations without a calculator, emphasizing the importance of approximation in practical scenarios.

What is the exchange rate of £1.00 to Turkish lira?

How many lira should Seif receive for 550 pounds?

What marks are awarded for the calculations in the quiz?

What is the approximate cost of the shoes in pounds using the conversion £2.00 = 7 lira?

Is using £2.00 = 7 lira a sensible method for calculating the cost of shoes in pounds? Explain your reasoning.