You will use percentages to make sense of savings, loans, and credit. You will calculate simple and compound interest on realistic amounts, interpret common rate statements, and see clearly why compounding behaves differently from simple interest over time.
Overview
Syllabus
- Unit 1: Reading Interest Rates
- Identify Principal Rate and Time
- Match Interest Terms And Meanings
- Explain The Loan Disclosure
- Unit 2: Calculating Single Period Interest
- Complete The Interest Statements
- Finding One Year Interest
- Find The Ending Balance
- Explain Savings Interest
- Unit 3: Multi Period Simple Interest
- Complete The Interest Statements
- Finding Simple Interest Totals
- Find The Ending Balance
- Explain Loan Interest
- Unit 4: Calculating Compound Interest
- Complete The Compound Interest Statements
- Find Compound Balance After Two Years
- Finding Compound Interest Balances
- Explain Compound Savings Growth
- Unit 5: Comparing Interest Outcomes
- Comparing Interest Growth
- Complete Interest Comparison Statements
- Comparing Interest Balance Gaps
- Justify Your Account Choice
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