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Compound Unit Conversions: Money – R1, R11
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About the lecture
In this mini-lecture, we continue our discussion of Topics R1 and R11 by learning about compound units involving money. In particular, we think about: (i) unit price, which is the price per amount; (ii) an example in which we find the unit prices of items to determine the best deal; (iii) rate of pay, which is the amount someone is paid over the amount of time they work; and (iv) an example in which we find the rate of pay of two jobs and compare them.
About the lecturer
Thomas Woolley is a Mathematical Biologist and Senior Lecturer in the School of Mathematics at Cardiff University. His research focuses on modelling biological systems in order to understand how certain biological phenomena occur. Currently, he is working on understanding muscle stem cell protrusions known as blebs. Blebs allow cells to move along muscle fibres in order to find and heal damage, and Dr Woolley is interested in gaining insights into how this motion occurs. Alongside his research, Dr Woolley is passionate about outreach and has contributed to a variety of projects, including appearances on Numberphile and BBC Radio Wales – Science Cafe. He also contributed to the creation of Mathematics: The Winton Gallery at the London Science Museum.
Cite this Lecture
APA style
Woolley, T. (2023, February 03). Financial Mathematics - Compound Unit Conversions: Money – R1, R11 [Video]. MASSOLIT. https://massolit.io/options/financial-mathematics?auth=0&lesson=12169&option=16912&type=lesson
MLA style
Woolley, T. "Financial Mathematics – Compound Unit Conversions: Money – R1, R11." MASSOLIT, uploaded by MASSOLIT, 03 Feb 2023, https://massolit.io/options/financial-mathematics?auth=0&lesson=12169&option=16912&type=lesson