Compound interest calculations
I can carry out compound interest calculations.
Compound interest calculations
I can carry out compound interest calculations.
These resources will be removed by end of Summer Term 2025.
Lesson details
Key learning points
- Compound interest is recalculated at each stage.
- By considering the calculations for compound interest, you can be more efficient.
- Through understanding the structure, you can reverse the calculations to find the original amount.
- Calculators are very useful here as they can be programmed efficiently.
Keywords
Compound interest - Compound interest is the interest calculated on the original amount and the interest accumulated over the previous period.
Common misconception
Failing to understand the difference between simple and compound interest. And, therefore finding the interest for one time period and multiplying it by the number of time periods.
Pupils can forget to transfer the year end balance as the starting balance of the next year. Using repeated language can help. E.g. "At the end of year 2 there was ... in the account, so, at the beginning of year 3 there was ... in the account."
To help you plan your year 10 maths lesson on: Compound interest calculations, download all teaching resources for free and adapt to suit your pupils' needs...
To help you plan your year 10 maths lesson on: Compound interest calculations, download all teaching resources for free and adapt to suit your pupils' needs.
The starter quiz will activate and check your pupils' prior knowledge, with versions available both with and without answers in PDF format.
We use learning cycles to break down learning into key concepts or ideas linked to the learning outcome. Each learning cycle features explanations with checks for understanding and practice tasks with feedback. All of this is found in our slide decks, ready for you to download and edit. The practice tasks are also available as printable worksheets and some lessons have additional materials with extra material you might need for teaching the lesson.
The assessment exit quiz will test your pupils' understanding of the key learning points.
Our video is a tool for planning, showing how other teachers might teach the lesson, offering helpful tips, modelled explanations and inspiration for your own delivery in the classroom. Plus, you can set it as homework or revision for pupils and keep their learning on track by sharing an online pupil version of this lesson.
Explore more key stage 4 maths lessons from the Percentages unit, dive into the full secondary maths curriculum, or learn more about lesson planning.
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