Today in our focus maths groups we were taught how to compare factors using Venn diagrams.
I chose to compare the hardest factors option because I wanted challenge myself.
Factors.
Factors are numbers that are multiplied with each other to make a specific answer.
Here is an example: 10 so 2 x 5 = 10 so 2,5 and 1 x 10 = 10 1,10.
So 1,2,5,10 are the factors of 10.
Banqer Lesson blog post. Week 7.
Today’s Banqer lesson we went over some words/things and what they mean! Those words/things were: Debit card, a card that contains money that you have in your bank account, then credit card: a card that doesn’t have your money in the card, it’s the banks money that you spend but you have to pay back. An after pay is a payment Available to online shoppers that allows them to delay the payment on purchases. A Personal loan is when you get money from the bank that you have to pay back. Overdraft is when something is withdrawn in excess of what is in a current account. Hire purchases is a set out payment, like If you set up a payment of 20 dollars every week for 12 weeks for one item.
Just stuff that involves the bank! But the main thing that we did today was we had to get in a group of 4 and we got given some squares of paper, it had some bank related things on the paper so like, Bankruptcy but there was other squares of what they meant and are group had to put the correct squares of paper together. Are team nearly got everything right but one thing. ( We got it right ever soon after. )
I have learnt the meanings of these things: A weekly service fee. A fee that you regularly pay to the bank for having an overdraft. Another one was a Max overdraft limit: A Maximum amount of money you are allowed to borrow. A set up fee is a one-off charge that is sometimes called an establishment fee. A arranged over draft when you apply to the bank to borrow more money than is in your bank account. Bankruptcy is when you have no money left and cannot pay your debts. In Banqer this can be initiated by the creditor ( The Bank ) An unarranged overdraft is when you spend more money in your account. Finally an interest rate is the rate you are charged every week. This is a percentage of the over draft balance every week.
That’s what we did for are Banqer lesson today!