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Home | Smsc | Spiritual, Moral, Social and Cultural Aspects at KSCS

Spiritual, Moral, Social and Cultural Aspects at KSCS

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.

Ken Stimpson Community School
Staniland Way
Werrington
PE4 6JT (Sat Nav users: PE4 6WR)