Here are some specific activities, investigations or visual aids we have picked out. Click anywhere in the grey area to access the resource.
Interest Practise using the formulas for simple interest and compound interest.
Interest Video Learn about simple interest, compound interest, appreciation and depreciation. This video is to help you do the online, self-marking exercise.
Compound Interest Calculator A customised online calculator for quickly finding the solutions to compound interest problems.
Overdraft Charges Do you understand how your bank charges you for taking out an overdraft? Try this self marking quiz.
Amortisation and Annuities Exercises containing problems about gradually paying off loans and calculating pension plans.
Here is an exam-style questions on this statement:
Click on a topic below for suggested lesson Starters, resources and activities from Transum.
Furthermore
If you use the TI-Nspire graphic display calculator here are instructions for using the Finance Solver.
This video on Finance Solver is from Revision Village and is aimed at students taking the IB Maths Standard level course.
Transum,
Friday, August 16, 2019
"Amortization is the action or process of reducing or paying off a debt with regular payments. An annuity is a series of payments made at equal intervals. Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments."
How do you teach this topic? Do you have any tips or suggestions for other teachers? It is always useful to receive feedback and helps make these free resources even more useful for Maths teachers anywhere in the world. Click here to enter your comments.
