Support · Mathematics Standard 11–12 – Year 12 – Standard 1 · Depreciation and loans
Support Calculate the compound interest charged on a transaction or outstanding balance for a given number of days
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.
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Prerequisite dot points
Use the compound interest formula to establish the depreciation formula S = V_0(1 - r)ⁿ where S = salvage value, V_0 = initial value of the asset, r = depreciation rate per time period and n = number of periods
Stage 5 · Financial mathematics B Draft mapping
No checked resources on this prerequisite dot point yet.
Compare simple interest with compound interest in practical situations
Stage 5 · Financial mathematics B Draft mapping
- Interactive toolStarterMathsisfun: Compound interestUse it for: Compound vs simple interest with tables and a calculator.
- WorksheetDrillKuta free worksheet: Simple and compound interestUse it for: Printable skills-practice sheet with answer key on simple and compound interest; good for drill or homework.
Solve problems involving the depreciation of an asset
Stage 5 · Financial mathematics B Draft mapping
- WorksheetDrillKuta free worksheet: Exponential growth and decay word problemsUse it for: Printable skills-practice sheet with answer key on exponential growth and decay word problems; good for drill or homework.