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Mathematics / Year 9 / Number and Algebra / Money and financial mathematics

View on Australian Curriculum website Australian Curriculum, Assessment and Reporting Authority
Curriculum content descriptions

Solve problems involving simple interest (ACMNA211)

Elaborations
  • understanding that financial decisions can be assisted by mathematical calculations
General capabilities
  • Literacy Literacy
  • Numeracy Numeracy
  • Critical and creative thinking Critical and creative thinking
ScOT terms

Simple interest

Interactive Resource

MoneySmart: Rookie - credit and debt (educator guide)

This is a suite of resources about making smart financial decisions in six situations where a young person assumes full adult responsibility for the first time. These include buying a car, borrowing money, owning a mobile phone, moving out of home, shopping online, and managing their first job. Resources for each situation ...

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Calculating percentage and simple interest: Banking

Most of us use banks to keep our money safe. We put our money in, can access it at any time and earn interest. So how do the banks make such enormous profits? Where does that money come from? Listen to Nathan Bazley explain how the banks use your money and make a profit. This clip provides a context for percentage, simple ...

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Why borrowing can cost you more

Think credit cards are basically free money? Gen Fricker will make you think again. Learn how interest rates and fees affect the money you borrow, and why they may be more expensive in the long run. Oh dear! Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.  

Teacher resource

Simple interest

This is a website designed for both teachers and students that addresses simple interest from the Australian Curriculum for year 9 students. It contains material on calculating simple interest. There are pages for both teachers and students. The student pages contain interactive questions for students to check their progress ...

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Calculating the impact of interest rate rises and falls

Imagine that bank loan interest rates were around 17% pa. In the late 1980s they were! Watch as Sarah Larsen explains why interest rates rise and fall. Discover how they affect not only the economy of the entire country but also the amount of money your parents may have to spend and save each month.

Interactive Resource

Laptop wrap: Investing wisely

In this laptop-friendly resource, students investigate unit pricing and explore the formulae and concepts of simple and compound interest.

Teacher resource

TIMES Module 22: Number and Algebra: consumer arithmetic - teacher guide

This is a 23-page guide for teachers, providing an introduction to the financial mathematics component of the number and algebra strands for years 9 and 10. A brief history of the concept of money concludes the module.