Support · Mathematics Standard 11–12 – Year 12 – Standard 1 · Investment
Support Calculate simple interest for different interest rates and time periods using the formula I = Prn where I = simple interest, P = principal, r = interest rate per time period and n = number of time periods
Resources for the prerequisite content of this dot point: earlier-stage (or earlier sub-level) dot points in the same strand that students usually need first. Use these to fill gaps before or alongside the core lesson.
Prerequisite links are draft mappings generated from the syllabus structure (earlier stage, same strand, closest content). They are being reviewed by teachers. Spot a poor match? Tell us.
Prerequisite dot points
Establish and use the formula I = Prn to find simple interest where I =simple interest, P =principal, r =interest rate per time period and n = number of time periods
Stage 5 · Financial mathematics A Draft mapping
- Corbettmaths practice questions: Percentages: simple interestUse it for: Free printable graded practice questions (with answers) on percentages: simple interest for drill or a quick check.
- VideoStarterCorbettmaths video: Percentages: simple interestUse it for: Short worked-example video on percentages: simple interest to model the method before practice or for flipped revision.
- VideoStarterEddie Woo (WooTube): Basic Financial Mathematics playlistUse it for: Sydney teacher Eddie Woo's recorded lessons on financial mathematics; play a clip to model a method or for revision.
Establish and use the formula FV = PV(1 + r)ⁿ to find compound interest where FV = future value of the investment, PV = present value of the investment, r = interest rate per time period and n = number of time periods
Stage 5 · Financial mathematics B Draft mapping
- Interactive toolStarterMathsisfun: Compound interestUse it for: Compound vs simple interest with tables and a calculator.
- Corbettmaths practice questions: Percentages: compound interestUse it for: Free printable graded practice questions (with answers) on percentages: compound interest for drill or a quick check.
- VideoStarterCorbettmaths video: Percentages: compound interestUse it for: Short worked-example video on percentages: compound interest to model the method before practice or for flipped revision.
- VideoStarterEddie Woo (WooTube): Basic Financial Mathematics playlistUse it for: Sydney teacher Eddie Woo's recorded lessons on financial mathematics; play a clip to model a method or for revision.
Examine compound interest for up to 3 time periods using repetition of the formula for simple interest
Stage 5 · Financial mathematics B Draft mapping
- Interactive toolStarterMathsisfun: Compound interestUse it for: Compound vs simple interest with tables and a calculator.