Semester 1 Topic 7 Level J

Task Name : Simple Interest Analysis Task Level : J (Year 9)
Semester : 1 Topic : Operations with Fractions VC Strand : Money and Financial Mathematics
Web Address :
Equipment Needed : A device with that can connect to the internet site,
Victorian Curriculum outcome : Solve problems involving simple interest
Task description : Students analyse five different savings accounts for the best value from the website, and create an advertisement that contains a table and graph for that bank. Students should analyse each account using the sum of $15,000 for the periods of 6 months, 18 months and 30 months.
Assessment options : Any drawn or digital representation of the advertisement.
Teacher notes : Make students aware of “introductory rates” and how they will need to make allowances for these when doing their analyses.