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Listed under:  Mathematics  >  Algebra  >  Functions and relations
Video

My Five Cents: What is compound interest?

Compound interest will be one of the most important things you ever learn. Don't believe it? Gen Fricker will explain why. Learn how compound interest works, and why saving now can help you later. Game changer! Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.

Video

How do interest rates work?

What are interest rates? What determines the interest rates in Australia? And how do interest rates affect the economy? Listen as Dr Ashton de Silva explains.

Video

MathXplosion, Ep 15: How many times can a sheet of paper be folded?

Why can a regular sheet of paper be folded only about six times? By folding a sheet of paper in half, over and over, the number of layers and the thickness of the paper doesn’t just double, they increase exponentially. Find out how many times a sheet of paper can actually be folded!

Video

BTN: Bank loans

When we need to buy a house we usually have to take out a loan from the bank. We have to pay back that loan with interest. A $350,000 loan can mean paying back $869,000! Listen to Nathan Bazley explain why a small change in interest rates can mean a big difference to the total amount you repay. This clip provides a context ...