We are learning about: Compound Interest Grade

08/04/22
4
Key Terms: interest, per annum, percentage to decimal WOTD:

What you need to get ready for this lesson:

#BALearningJourney: Understand compound interest and depreciation, including how to

find value after n years
We are learning about: Compound Interest Grade
08/04/22
4
Key Terms: interest, per annum, percentage to decimal WOTD:

Starter
Q1 Work out Q4 Calculate

Q2 Expand & Simplify Q5

(3x + 4)(x + 1)

Q3 Find the HCF & LCM Q6 Factorise

of 132 & 88

#BALearningJourney: Understand compound interest and depreciation, including how to

find value after n years
We are learning about: Compound Interest Grade
08/04/22
4
Key Terms: interest, per annum, percentage to decimal WOTD:

Starter
Q1 Work out
5 or

Q2 Expand & Simplify 2

3 𝑥 +7 𝑥+ 4
(3x + 4)(x + 1)

Q3 Find the HCF & LCM HCF = 22

of 132 & 88 LCM = 264

#BALearningJourney: Understand compound interest and depreciation, including how to

find value after n years
We are learning about: Compound Interest Grade
08/04/22
4
Key Terms: interest, per annum, percentage to decimal WOTD:

Starter
Q4 Calculate 1,740 or

7 2
Q5 24 𝑎 𝑏

Q6 Factorise ( 𝑥+7)( 𝑥+1)

#BALearningJourney: Understand compound interest and depreciation, including how to

find value after n years
We are learning about: Compound Interest Grade
08/04/22
4
Key Terms: interest, per annum, percentage to decimal WOTD:

Compound Interest and Depreciation

MathsWatch – Clip 164
https://vle.mathswatch.co.uk/vle/browse/331

#BALearningJourney: Understand compound interest and depreciation, including how to

find value after n years
We are learning about: Compound Interest Grade
08/04/22
4
Key Terms: interest, per annum, percentage to decimal WOTD:

Example
Molly puts £1500 into an account that pays 2.5% per
annum. How much interest does she make after 6 years?

100% + 2.5% = 102.5%

102.5 ÷ 100 = 1.025
1500 × = £1739.5401… = £1739.54

Interest earned = £1739.54 - £1500 = £239.54

#BALearningJourney: Understand compound interest and depreciation, including how to

find value after n years
We are learning about: Compound Interest Grade
08/04/22
4
Key Terms: interest, per annum, percentage to decimal WOTD:

Example
Ben buys a new car for £15000. If the car depreciates at a
rate of 22% per year,
a) how much will it be worth after 5 years?
b) How much will it have devalued by in those 5 years?

b) £15000 - £4330.76
a) 100% - 22% = 78%
= £10669.24
15,000 × (£4330.7615….
= £4330.76

#BALearningJourney: Understand compound interest and depreciation, including how to

find value after n years
We are learning about: Compound Interest Grade
08/04/22
4
Key Terms: interest, per annum, percentage to decimal WOTD:

Now, have a go at the Corbett Maths worksheets –

Compound Interest

https://corbettmaths.com/wp-content/uploads/2019/09/C
ompound-Interest-pdf-1.pdf

#BALearningJourney: Understand compound interest and depreciation, including how to

find value after n years
We are learning about: Compound Interest Grade
08/04/22
4
Key Terms: interest, per annum, percentage to decimal WOTD:

Final amount
¿ £ 220.50
Interest
Interest

Liam is incorrect, as Florence receives £20.50

#BALearningJourney: Understand compound interest and depreciation, including how to

find value after n years
We are learning about: Compound Interest Grade
08/04/22
4
Key Terms: interest, per annum, percentage to decimal WOTD:

April 2014 to April 2016 is periods of depreciation

Final value
Final value

#BALearningJourney: Understand compound interest and depreciation, including how to

find value after n years
We are learning about: Compound Interest Grade
08/04/22
4
Key Terms: interest, per annum, percentage to decimal WOTD:

F ¿ 3.6 𝑚
S ¿ 3.24 𝑚
Height after 𝑛 bounces=4 ×0.98 𝑛
Trial and improvement, or repeat until height is less than 1m,
14
4 ×0.98 =1.0167 4 × 0.98 = 0.915
13

Answer is 13 bounces
#BALearningJourney: Understand compound interest and depreciation, including how to
find value after n years
We are learning about: Compound Interest Grade
08/04/22
4
Key Terms: interest, per annum, percentage to decimal WOTD:

Need the multiplier to be 2, so

𝑛
2= 1.05
Solve by trial and improvement

1.0514 =1.9799 …
1.0515 = 2.0789 …

#BALearningJourney: Understand compound interest and depreciation, including how to

find value after n years
We are learning about: Compound Interest Grade
08/04/22
4
Key Terms: interest, per annum, percentage to decimal WOTD:

Solve by trial and improvement

BRU BW

BRU BW

#BALearningJourney: Understand compound interest and depreciation, including how to

find value after n years
We are learning about: Compound Interest Grade
08/04/22
4
Key Terms: interest, per annum, percentage to decimal WOTD:

#BALearningJourney: Understand compound interest and depreciation, including how to

find value after n years
We are learning about: Compound Interest Grade
08/04/22
4
Key Terms: interest, per annum, percentage to decimal WOTD:

After first year,

Interest rate
#BALearningJourney: Understand compound interest and depreciation, including how to
find value after n years
We are learning about: Compound Interest Grade
08/04/22
4
Key Terms: interest, per annum, percentage to decimal WOTD:

Understanding Effort

I do not understand I have been distracted

this work yet. R and have not focussed 33
on my learning.

I have some I have put in a fair effort,

understanding for A but I could have tried 23
most of the work. harder.

I have an excellent I have tried hard and

understanding and can G focussed fully on my 13
explain to someone else. learning.
#BALearningJourney: Understand compound interest and depreciation, including how to
find value after n years