Financial Mathematics and Proportion · Number and Operations

Simple Interest

Calculating interest earned or paid over time using the simple interest formula.

Key Questions

  1. 1How does time influence the total amount of interest paid on a loan?
  2. 2Why is simple interest considered a linear growth model?
  3. 3In what real world scenarios is simple interest still commonly applied today?

ACARA Content Descriptions

AC9M9N05
Year: Year 9
Subject: Mathematics
Unit: Financial Mathematics and Proportion
Period: Number and Operations

Suggested Methodologies

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