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Listed under:  Economics and business  >  Finance  >  Interest (Finance)
Teacher resource

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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What is compound interest?

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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Why borrowing can cost you more

Think credit cards are basically free money? Gen Fricker will make you think again. Learn how interest rates and fees affect the money you borrow, and why they may be more expensive in the long run. Oh dear! Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.  

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Bank loans

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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Calculating the impact of interest rate rises and falls

Imagine that bank loan interest rates were around 17% pa. In the late 1980s they were! Watch as Sarah Larsen explains why interest rates rise and fall. Discover how they affect not only the economy of the entire country but also the amount of money your parents may have to spend and save each month.

Teacher resource

MoneySmart teaching

This is a website from the Australian Securities and Investments Commission that provides up-to-date content and support in consumer and financial literacy for Australian educators. The website provides access to professional and personal learning programs, as well as resources for teaching and learning including units ...

Teacher resource

Consumer and financial literacy professional learning module for teachers

This professional learning module provides up-to-date content and support in consumer and financial literacy for educators working within Australian primary and secondary schools. Part 1 presents information about consumer and financial literacy in the education landscape. Part 2 provides examples of how schools are incorporating ...

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Calculating percentage and simple interest: Banking

Most of us use banks to keep our money safe. We put our money in, can access it at any time and earn interest. So how do the banks make such enormous profits? Where does that money come from? Listen to Nathan Bazley explain how the banks use your money and make a profit. This clip provides a context for percentage, simple ...

Interactive Resource

Laptop wrap: Investing wisely

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

Interactive resource

Maths and the car: loan calculator

Use a calculator to estimate loan repayments needed to buy a car. Look at variables such as price, compound interest rate, term of loan and payment frequency. Work out the total interest to be paid by the borrower.

Interactive resource

Fish biz: cash flow and credit

Manage the stock and finances of a fish distribution company. Maximise profits after trading for three months. Check your bank balance and borrow money if needed. Pay bills and keep your customers satisfied. Order wholesale stock, take retail orders, deliver stock and issue invoices. This learning object is one in a series ...

Collection

Comparative pricing using calculations and linear graphs

This collection of 15 interactive learning objects supports year 7-9 students to use mathematical skills in real life situations involving comparative pricing. Two series, 'Mobile phone plans' and 'School canteen', are used predominantly. Each series offers progressively increasing levels of mathematical application. The ...

Video

The Ship That Shouldn't Have, 1984: Heard Island

This clip shows the barren landscape and glaciers of uninhabited Heard Island, which is situated 4,100 km south-west of Western Australia, in 1984. People are shown exploring the terrain and a voice-over describes the harsh climate, the ruggedness of the terrain and the fates of two previous visitors. The camera shows their ...

Teacher resource

Simple interest

This is a website designed for both teachers and students that addresses simple interest from the Australian Curriculum for year 9 students. It contains material on calculating simple interest. There are pages for both teachers and students. The student pages contain interactive questions for students to check their progress ...

Teacher resource

Exponential growth and doubling time

This resource aims to guide and support a mathematics teacher of Year 10 across three main areas as the class explores the mathematics of exponential growth. The contexts used are compound interest, animal and human population growth, and the growth (and decay) of bacteria populations.

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How do interest rates work?

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.

Teacher resource

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.

Interactive Resource

Tax, super and you

The 'Tax, super and you' website is designed for use by students in years 10 to 12 and their teachers. It includes four modules: Tax 101 is a general introduction, Your tax focuses on individuals, Business tax on companies and the final module explores the concept of superannuation. Six interactive resources accompany the ...

Interactive Resource

The financial wizard's apprentice

The Financial wizard’s apprentice is a web-based multimedia resource providing interactive investigation of financial mathematics. After completing a multiple-choice ‘recruitment test’ reviewing some simple consumer arithmetic, the student begins their apprenticeship and advises their client on a range of financial matters.

Interactive Resource

MoneySmart: Rookie - credit and debt (educator guide)

This is a suite of resources about making smart financial decisions in six situations where a young person assumes full adult responsibility for the first time. These include buying a car, borrowing money, owning a mobile phone, moving out of home, shopping online, and managing their first job. Resources for each situation ...