Pupils solve simple and compound interest problems to analyse investment opportunities.
Scenario
Pupils are looking at the potential returns of several hypothetical investment opportunities. Pupils will discuss in groups the concept of risk versus reward and factors that may impact their own appetite for risk.
Curriculum references
| National Curriculum 9 | Define percentages as numbers of parts per hundred; interpret percentages and percentage changes as a fraction or a decimal, and interpret these multiplicatively; express one quantity as a percentage of another; compare two quantities using percentages; work with percentages greater than 100%; solve problems involving percentage change, including percentage increase/decrease and original value problems, and simple interest including in financial mathematics. |
| OCR 2.03b | Understand percentage is ‘number of parts per hundred’. Calculate a percentage of a quantity, and express one quantity as a percentage of another, with or without a calculator. Increase or decrease a quantity by a simple percentage, including simple decimal or fractional multipliers. Apply this to simple original value problems and simple interest. Express percentage change as a decimal or fractional multiplier. Apply this to percentage change problems (including original value problems). |
| AQA R9 | Define percentage as ‘number of parts per hundred’. Interpret percentages and percentage changes as a fraction or a decimal, and interpret these multiplicatively. Express one quantity as a percentage of another. Compare two quantities using percentages. Work with percentages greater than 100%. Solve problems involving percentage change, including percentage increase/decrease and original value problems, and simple interest including in financial mathematics. |
| Edexcel R9 | Define percentage as ‘number of parts per hundred’. Interpret percentages and percentage changes as a fraction or a decimal, and interpret these multiplicatively. Express one quantity as a percentage of another. Compare two quantities using percentages. Work with percentages greater than 100%. Solve problems involving percentage change, including percentage increase/decrease and original value problems, and simple interest including in financial mathematics. |