Today year 10 came to school ready to do business.
We started by learning about finance options available, from banks loans and mortgages to overdrafts, and payday loan companies. Students played with a loan calculator, and were astounded with the amount of interest payable on some loans. Here is the loan calculator they played with - put some numbers in and see how much you could end up paying (Interest rates taken from website "typical APR" values).
Students worked in house teams, and the results below speak for themselves. These results are based purely on the business model, and do not yet take account of the public vote, results of which next week.
Massive congratulations to all teams, although looking the profit / loss column, Lord Sugar need not worry too much just yet!
Here are the results, from highest to lowest.
Well done to those teams that made the profit!
We started by learning about finance options available, from banks loans and mortgages to overdrafts, and payday loan companies. Students played with a loan calculator, and were astounded with the amount of interest payable on some loans. Here is the loan calculator they played with - put some numbers in and see how much you could end up paying (Interest rates taken from website "typical APR" values).
Students worked in house teams, and the results below speak for themselves. These results are based purely on the business model, and do not yet take account of the public vote, results of which next week.
Massive congratulations to all teams, although looking the profit / loss column, Lord Sugar need not worry too much just yet!
Here are the results, from highest to lowest.
Well done to those teams that made the profit!
