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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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4 direct matches to ACMNA229 | 1 other related resources

Online

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

  • TLF-IDM008605

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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Interactive

Laptop wrap: Investing wisely

  • TLF-IDM016157

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

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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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Downloadable

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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Online

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

  • TLF-IDM009048

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

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