Finance – Compound Interest
Within the Basic Percentages module on Higher Tier, finance is discussed and the students are taught about Compound interest. Specifically, how it works and its uses in real life situations. A range of problems need to be solved, including how much an investment is worth after a certain number of years and which form of interest (Compound or Simple) yields the greater return.
Involving
GCSE students (Years 9, 10, 11)
Aspect of SMSC
Social Development
Reason for event
An understanding of how yearly increases in interest actually works in the real world.