Home / Interactive Lessons / Number / Key Stage 3 / Year 8 Term 5

Calculating a Simple Interest in Financial Mathematics

Number: Interactive Lessons
Calculating a Simple Interest
Calculating a Simple Interest
Calculating a Simple Interest
Calculating a Simple Interest
Calculating a Simple Interest

What's Included

  • Smart Notebooks Presentation
  • Interactive Excel File
  • Activ Inspire Flipchart
  • Lesson Plan
  • Microsoft PowerPoint Presentation
  • Differentiated Worksheet

Calculating a Simple Interest in Financial Mathematics

Students learn about calculating a simple interest in financial mathematics. Learning progresses from calculating a simple interest to finding the principal amount, duration, and interest rate when the simple interest is known.At the start of the lesson students recap calculating equivalent fractions, mixed numbers, decimals and percentages as this is required for the remainder of the lesson. In the plenary students are challenged to compare the different interest rates and duration of two competing banks.
Differentiated Learning Objectives
  • All students should be able to calculate a simple interest for 1 year.
  • Most students should be able to calculate a simple interest paid over time.
  • Some students should be able to work out the rate of simple interest.
Lesson Downloads
Download Lesson Plan Download PowerPoint Download Notebook Download Flipchart Download Worksheet Download Interactive Excel File
Scheme of Work Link
Calculations with Percentages SoW
Related Blog
Efficient Calculator Methods for Percentages Changes Blog
IMMEDIATE DOWNLOAD
SKU: 764 Categories: , , , , Tags: , , , , ,

Related Mr Mathematics Products

Number
Number
Interactive Lessons

Dividing Fractions and Mixed Numbers

Students learn how to divide with fractions and mixed numbers using numerical and calculator methods.  As learni...
GCSE / Year 9 Term 4
Interactive Lessons
Number
Number
Interactive Lessons

Highest Common Factor and Lowest Common Multiple

Using prime factors and Venn Diagrams students are able to calculate the highest common factor and lowest common...
GCSE / Year 10 Term 3
Interactive Lessons
Number
Number
Interactive Lessons

Volume of a Cone

Students learn how to calculate the volume of a cone using the base area and perpendicular height.  As learning ...
GCSE / Year 11 Term 2
Interactive Lessons
Number
Number
Interactive Lessons

Adding Fractions with Different Denominators

To add and subtract fractions with different denominators students are taught to use equivalent fractions to fin...
GCSE / Year 9 Term 4
Interactive Lessons

Mr Mathematics Teaching Resources Term by Term

Year 7 Term 1 Year 7 Term 2 Year 7 Term 3 Year 7 Term 4 Year 7 Term 5 Year 7 Term 6
Year 8 Term 1 Year 8 Term 2 Year 8 Term 3 Year 8 Term 4 Year 8 Term 5 Year 8 Term 6
Year 9 Term 1 Year 9 Term 2 Year 9 Term 3 Year 9 Term 4 Year 9 Term 5 Year 9 Term 6
Year 10 Term 1 Year 10 Term 2 Year 10 Term 3 Year 10 Term 4 Year 10 Term 5 Year 10 Term 6
Year 11 Term 1 Year 11 Term 2 Year 11 Term 3

Mr Mathematics Blog

Comparing Datasets using the Mean and Range

October 26, 2018

In my experience, students, in general, find the concept of a mean straightforward to calculate and understand. However, the mean alone does not provide a complete picture of a set of data. To achieve this, a measure of spread is also required. The range is the simplest measure that can be used for this. Not […]

Solving Problems with Angles in Parallel Lines

October 1, 2018

Solving problems with angles in parallel lines is like solving a murder mystery.  One clue leads on to the next and the next until the murderer is found.  However, it doesn’t end there.  The detectives need to explain their reasoning in court using the relevant laws and procedures should the murderer plead not guilty.  If […]

Solving Two Step Equations using the Balance Method

September 10, 2018

An equation is when one expression, or term, is equal to another.  To solve an equation means to find the value of the variable (represented by a letter) that makes the two expressions equal.  There are two types of equations for secondary school mathematics, linear and none-linear.  In this blog I write about how I […]