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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 |
AC9M9N01
Recognise that the real number system includes the rational numbers and the irrational numbers, and solve problems involving real numbers using digital tools
AC9M9M04
Calculate and interpret absolute, relative and percentage errors in measurements, recognising that all measurements are estimates
AC9M10M04
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 |
|
| Organisation | ASIC |
| Copyright | © ASIC. Creative Commons BY-NC-SA 3.0 AU. |
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