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Understanding compound interest
Students understand the impact of compound interest and apply it to saving scenarios.
|Year 9, Year 10
|Teaching strategies and pedagogical approaches
|interest, compounding interest, banking, linear, quadratic, exponential models
|Strand and focus
|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
Proportional thinking (P6)
Multiplicative strategies (P8)
Number patterns and algebraic thinking (P9)
Understanding units of measurement (P10)
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