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

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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MoneySmart: Reaching goals: What's involved?

This unit of work students learn about financial planning through the characters Cathy and Dinuka who are Year 10 students planning to go on a holiday together at the end of Year 12. Students learn about goal setting, saving, borrowing, investing, working with compound interest, good and bad credit, depreciation and inflation.

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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.

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Mathematical modelling (Algebra): Year 10 – planning tool

This planning resource for Year 10 is for the topic of Mathematical modelling. Students apply linear, quadratic and exponential functions to modelling contexts and outline reasons for selecting a particular model. They use tables of values to look for patterns in data, recognising that linear functions have constant first ...

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TIMES Module 31: Number and Algebra: indices and logarithms - teacher guide

This is a 26-page guide for teachers. It extends the study of indices to rational indices and introduces logarithms.