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Understanding compound interest

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

Resource details
Year level
Year 9 Year 10
Purpose
Teaching resource
Strand
Number Measurement
Topic
Mathematical modelling Money and financial mathematics
Audience
Teachers
Format
Downloadable resource
Australian Curriculum code
AC9M9N01 AC9M9M04 AC9M10M04
Numeracy progression
Proportional thinking (P6) Multiplicative strategies (P8) Number patterns and algebraic thinking (P9) Understanding units of measurement (P10)
Publisher
ASIC
Copyright
© ASIC. Creative Commons BY-NC-SA 3.0 AU.
Other terms
banking exponential models interest linear quadratic