Mathematics / Year 10 / Number and Algebra / Money and financial mathematics

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Curriculum content descriptions

Connect the compound interest formula to repeated applications of simple interest using appropriate digital technologies (ACMNA229)

Elaborations
  • working with authentic information, data and interest rates to calculate compound interest and solve related problems
General capabilities
  • Numeracy Numeracy
  • ICT capability Information and Communication Technology (ICT) capability
ScOT terms

Compound interest

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7 direct matches to ACMNA229

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What’s the cost?

  • TLF-IDA003655

This lesson explores gambling losses by comparing losses to other average household purchases. Students then explore how this money could be more profitably invested in a compound interest scheme over time. Finally, students are asked to critically reflect on the true social and financial cost of gambling and to consider ...

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Solving Linear Equations - Calculate

  • TLF-IDA004266

This unit of work focuses on solving linear equations. It includes an AMSI Interactive online module, a range of other AMSI Schools and external links and video tutorials and some extension or enrichment ideas. A short quiz at the end of the AMSI Interactive will help students to test their understanding at the completion ...

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Factorising Quadratics and Solving - Calculate

  • TLF-IDA004267

This activity explores the properties of the family of functions and their graphs known as parabolas. The unit includes an AMSI Interactive online module, a range of other AMSI Schools and external links and video tutorials and some extension or enrichment ideas to take their understanding further. A short quiz at the end ...

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Compound Interest - Calculate

  • TLF-IDA004268

This resources demonstrates simple and compound interest and includes an activity sheet for students with questions about the differences in calculations and cumulative interest over time.

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Linear Relationships (and how Maths can help you choose a great car) - Calculate

  • TLF-IDA004305

The activity has students collecting their own information from a well-known Australia car buying website and using this to find an estimated relationship between the ‘asking price’ for a used car and the distance it has traveled in kilometres.

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The Mathematics of Projectiles - Calculate

  • TLF-IDA004314

This activity provides a practical introduction to the motion of projectiles with a focus on angles. It is designed as a lead in to parabolic and quadratic functions.

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Mrs Sim's Dollars and Sense - Calculate

  • TLF-IDA004333

This alternate assessment task focuses on calculating gross and net wages before and after tax; operating and solving problems using simple and compound interest; and making valid comparisons between total accumulated costs and the initial (principal) amounts of money borrowed or invested.

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