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

The video tutorial explains how to convert British pounds to Turkish lira using a given exchange rate. It demonstrates the calculation of converting £550 to lira and rounding the result. The tutorial also covers estimating the cost of shoes priced at 210 lira in pounds using a simplified exchange rate of £2 = 7 lira. It evaluates the sensibility of using this approximation method without a calculator, highlighting the marks awarded for each step in the process.

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

How many lira does Seif receive when he exchanges £550?

What marks are awarded for the calculations in the quiz?

Using the conversion of £2.00 = 7 lira, what is the approximate cost of the shoes in pounds?

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