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OBJECTIVE:              How do we convert money between
different currencies?


                                      Do Now




                                                          1
2
3
Anticipatory Set:
1.) Find, correct, and explain the mistake in the following
currency converting problem.


          Convert 200 Euros to US Dollars.



                 0.6403
                                     1
                    x              200


                     x = 128.06 US Dollars




                                                              4
Proportion for Today


                  Given amount
     x            of money
                 Exchange Rate
Exchange Rate
                 for Given amount
for x
                 of money




                                    5
Currencies        Exchange Rates (as of 5/10/10)

   US Dollar               1
 Japanese Yen           92.453
      Euro              0.7846
 British Pound          0.681
Australian Dollar       1.1255
Canadian Dollar          1.038
 Mexican Peso           12.921

                                                     5,000
1.) Convert 5,000                        0.7846      0.681
 British Pounds to Euros.




                                                             6
Currencies        Exchange Rates (as of 5/10/10)

   US Dollar               1
 Japanese Yen           92.453
      Euro              0.7846
 British Pound          0.681
Australian Dollar       1.1255
Canadian Dollar          1.038
 Mexican Peso           12.921

                                                     1,000
    2.) Convert 1,000                   12.921       92.453
    Japanese Yen to
    Mexican Pesos.




                                                              7
Currencies        Exchange Rates (as of 5/10/10)

   US Dollar               1
 Japanese Yen           92.453
      Euro              0.7846
 British Pound          0.681
Australian Dollar       1.1255
Canadian Dollar          1.038
 Mexican Peso           12.921

                                                     20,000
     3.) Convert 20,000                  1.1255      1.038

     Canadian Dollars to
     Australian Dollars.




                                                              8
Currencies        Exchange Rates (as of 5/10/10)

   US Dollar               1
 Japanese Yen           92.453
      Euro              0.7846
 British Pound          0.681
Australian Dollar       1.1255
Canadian Dollar          1.038
 Mexican Peso           12.921

                                                     500,000
   4.) Convert 500,000                   1.038         12.921
   Mexican Pesos to
   Canadian Dollars.




                                                                9
Currencies        Exchange Rates (as of 5/10/10)

   US Dollar               1
 Japanese Yen           92.453
      Euro              0.7846
 British Pound          0.681
Australian Dollar       1.1255
Canadian Dollar          1.038
 Mexican Peso           12.921

                                                     2,500
     5.) Convert 2,500                  92.453       0.7846
     Euros to Japanese
     Yen.




                                                              10
Currencies        Exchange Rates (as of 5/10/10)

   US Dollar               1
 Japanese Yen           92.453
      Euro              0.7846
 British Pound          0.681
Australian Dollar       1.1255
Canadian Dollar          1.038
 Mexican Peso           12.921

                                                     3,000,000
  6.) Convert 3,000,000                               1.1255
                                        0.681
  Australian Dollars to
  British Pounds.




                                                                 11
Currencies        Exchange Rates (as of 5/10/10)

   US Dollar               1
 Japanese Yen           92.453
      Euro              0.7846
 British Pound          0.681
Australian Dollar       1.1255
Canadian Dollar          1.038
 Mexican Peso           12.921

                                                     600,000
                                                     12.921
  7.) Convert 600,000                     0.7846
  Mexican Pesos to Euros.




                                                               12
BEFORE YOU LEAVE
Explain to a student who was absent for the past two
days how to convert money between different
currencies.




                                                       13
Mr. Tjersland's Math 7




Homework: Homework Sheet




                                 14

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Day 7 money

  • 1. OBJECTIVE: How do we convert money between different currencies? Do Now 1
  • 2. 2
  • 3. 3
  • 4. Anticipatory Set: 1.) Find, correct, and explain the mistake in the following currency converting problem. Convert 200 Euros to US Dollars. 0.6403 1 x 200 x = 128.06 US Dollars 4
  • 5. Proportion for Today Given amount x of money Exchange Rate Exchange Rate for Given amount for x of money 5
  • 6. Currencies Exchange Rates (as of 5/10/10) US Dollar 1 Japanese Yen 92.453 Euro 0.7846 British Pound 0.681 Australian Dollar 1.1255 Canadian Dollar 1.038 Mexican Peso 12.921 5,000 1.) Convert 5,000 0.7846 0.681 British Pounds to Euros. 6
  • 7. Currencies Exchange Rates (as of 5/10/10) US Dollar 1 Japanese Yen 92.453 Euro 0.7846 British Pound 0.681 Australian Dollar 1.1255 Canadian Dollar 1.038 Mexican Peso 12.921 1,000 2.) Convert 1,000 12.921 92.453 Japanese Yen to Mexican Pesos. 7
  • 8. Currencies Exchange Rates (as of 5/10/10) US Dollar 1 Japanese Yen 92.453 Euro 0.7846 British Pound 0.681 Australian Dollar 1.1255 Canadian Dollar 1.038 Mexican Peso 12.921 20,000 3.) Convert 20,000 1.1255 1.038 Canadian Dollars to Australian Dollars. 8
  • 9. Currencies Exchange Rates (as of 5/10/10) US Dollar 1 Japanese Yen 92.453 Euro 0.7846 British Pound 0.681 Australian Dollar 1.1255 Canadian Dollar 1.038 Mexican Peso 12.921 500,000 4.) Convert 500,000 1.038 12.921 Mexican Pesos to Canadian Dollars. 9
  • 10. Currencies Exchange Rates (as of 5/10/10) US Dollar 1 Japanese Yen 92.453 Euro 0.7846 British Pound 0.681 Australian Dollar 1.1255 Canadian Dollar 1.038 Mexican Peso 12.921 2,500 5.) Convert 2,500 92.453 0.7846 Euros to Japanese Yen. 10
  • 11. Currencies Exchange Rates (as of 5/10/10) US Dollar 1 Japanese Yen 92.453 Euro 0.7846 British Pound 0.681 Australian Dollar 1.1255 Canadian Dollar 1.038 Mexican Peso 12.921 3,000,000 6.) Convert 3,000,000 1.1255 0.681 Australian Dollars to British Pounds. 11
  • 12. Currencies Exchange Rates (as of 5/10/10) US Dollar 1 Japanese Yen 92.453 Euro 0.7846 British Pound 0.681 Australian Dollar 1.1255 Canadian Dollar 1.038 Mexican Peso 12.921 600,000 12.921 7.) Convert 600,000 0.7846 Mexican Pesos to Euros. 12
  • 13. BEFORE YOU LEAVE Explain to a student who was absent for the past two days how to convert money between different currencies. 13
  • 14. Mr. Tjersland's Math 7 Homework: Homework Sheet 14