Video Calculating percentage and simple interest: Banking

TLF ID M015940

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 interest and decimal multiplication.




Educational details

Educational value
  • This resource is available on ABC Splash
Year level

6; 7; 8; 9

Learning area
  • Mathematics

Other details

Contributors
  • Contributor
  • Name: Australian Broadcasting Corporation
  • Organization: Australian Broadcasting Corporation
  • Description: Creator
  • URL: http://www.abc.net.au
  • Name: Education Services Australia
  • Organization: Education Services Australia
  • Description: Data manager
  • Address: VIC, AUSTRALIA
  • URL: http://www.esa.edu.au/
  • Publisher
  • Name: Australian Broadcasting Corporation
  • Organization: Australian Broadcasting Corporation
  • Description: Publisher
  • URL: http://www.abc.net.au
  • Resource metadata contributed by
  • Name: Education Services Australia Ltd
  • Organisation: Education Services Australia Ltd
  • Address: AUSTRALIA
  • URL: www.esa.edu.au
Access profile
  • Generic
Learning Resource Type
  • Video
Rights
  • Metadata © Australian Broadcasting Corporation and Education Services Australia Ltd 2012 (except where otherwise indicated). Digital content © Australian Broadcasting Corporation 2012 (except where otherwise indicated).