Applications of Simple and Compound Interest
| Grade | Work Samples |
|---|---|
| End of Stage 5 (end of Year 10) | |
| Grade B | Flynn(B7) Shane(B7) |
| Grade D | Harley(D4) Chandra(D4) Bailey(D4) |
| Grade E | Sam(E2) |
Description of activity
Students will be asked to demonstrate what they know and can do in relation to aspects of consumer arithmetic. Students complete a worksheet involving the calculation of simple and compound interest.
Context
Number, Working Mathematically
This activity could be presented to students during or at the end of the relevant Consumer Arithmetic topics, where students have been calculating simple and compound interest, and applying their knowledge, skills and understanding in a variety of contexts.
Areas for Assessment
- Working mathematically
Knowledge, skills and understanding developed through inquiry, application of problem-solving strategies, communication, reasoning and reflection - Number
Knowledge, skills and understanding in mental and written computation and numerical reasoning
Outcomes
Consumer Arithmetic
NS5.1.2
Solves consumer arithmetic problems involving earning and spending money
NS5.2.2
Solves consumer arithmetic problems involving compound interest, depreciation and successive discounts
Applying Strategies
WMS5.1.2
Analyses a mathematical or real-life situation, systematically applying problem-solving strategies
WMS5.2.2
Selects and uses appropriate problem-solving strategies that include selecting and organising key information and identifying and working on related problems
Communicating
WMS5.1.3
Uses mathematical terminology and notation, algebraic symbols, diagrams, text and tables to explain mathematical ideas
Criteria for assessing learning
(These criteria would normally be communicated to students with the activity.)
Students will be assessed on their ability to:
- demonstrate knowledge, skills and understanding in relation to simple and compound interest
- apply strategies to solve problems involving simple and compound interest
- communicate mathematical ideas