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

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View on Australian Curriculum website Australian Curriculum, Assessment and Reporting Authority
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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3 direct matches to ACMNA229

Video

My Five Cents: What is compound interest?

  • TLF-IDM025252

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.

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Video

BTN: Bank loans

  • TLF-IDM016007

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 ...

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Video

How do interest rates work?

  • TLF-IDM020194

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.

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