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My Five Cents: What is compound interest?

Video My Five Cents: What is compound interest?

TLF ID M025252

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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Educational details

Year level

9; 10

Topics Calculators Financial reports Decision making Financial records Budgeting Proportions Financial analysis Personal finance Income Planning Functions and relations Financial transactions Critical thinking Compound interest Interest (Finance) Consumer sovereignty Superannuation Causality Mathematical expressions Justification (Reasoning)
Learning area
  • Economics and business
  • Humanities and Social Sciences
  • 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).