Real-Life Math Fun activity!Compound Interest, Financial Real-Life Math task+Key
Talk about money, and all children are interested! That is why this practical Real-Life Math exercise is perfect always, as it shows them the real-World connection, but is also fun to do!
This task hones a student's skills to solve the four variables in the compound interest formula - Principle, Amount, Interest Rate and Period of Investment.
We also look at Exponential graphs, Logs (Logarithms) and how it is used in real-life in Financial Mathematics.
In order to do financial mathematics, calculate interest rates, future value of investments, etc. students need to be able to do exponents and logs.
Solving equations, changing the subject of the formula, literal equations.
Amount, principle, interest rate, simple interest, compound interest, interest compounded yearly, interest compounded monthly, interest compounded daily.
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