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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8 direct matches to ACMNA229 | 1 other related resources

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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Online

MoneySmart: Reaching goals: What's involved?

  • TLF-IDM021040

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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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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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

Mathematical modelling (Algebra): Year 10 – planning tool

  • TLF-IDA003240

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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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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