Understanding compound interest Image

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Understanding compound interest

Students understand the impact of compound interest and apply it to saving scenarios.

Additional details

Year level(s) Year 9, Year 10
Audience Teacher
Purpose Teaching resource
Format Downloadable resources
Teaching strategies and pedagogical approaches Mathematics investigation
Keywords interest, compounding interest, banking, linear, quadratic, exponential models

Curriculum alignment

Curriculum connections English, HASS
Strand and focus Number, Measurement
Topics Mathematical modelling, Money and financial mathematics
AC: Mathematics (V9.0) content descriptions
Recognise that the real number system includes the rational numbers and the irrational numbers, and solve problems involving real numbers using digital tools

Calculate and interpret absolute, relative and percentage errors in measurements, recognising that all measurements are estimates


Identify the impact of measurement errors on the accuracy of results in practical contexts

Numeracy progression Proportional thinking (P6)
Multiplicative strategies (P8)
Number patterns and algebraic thinking (P9)
Understanding units of measurement (P10)

Copyright details




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