GRADE 8 SEA -3

Concept: Understand what Compound Interest is and how it is calculated.

Objectives:

1. Know and use Compound Interest terminology

2. Understand when interest is paid
3. Understand when interest is earned
4. Know and use the formula for calculating the total amount

Individual work:

Students are asked to prepare a presentation based on Compound interest by collecting information from 1
private bank and 2 Nationalized banks or vice versa.

Instructions ● You are a financial advisor. One of your clients tells you
that she wants to invest Rs.2 Lakhs. She wants to
make the most money possible within 10 years.

● You should give 3 investment options with varying

compound rates and time requirements. You are able
to analyze each option and write up a report for your
client that advises them on which 1 of the 3 options to
choose.

Mathematical ● Apply the formula for compute Compound Interest.

Relevance

Creativity ● Students then complete an extension where they

can analyze the same situation but now being able
to get loans.
● comparison ,use of formula,recommendation

Vocabulary ● Students should use the words - Compound

Interest ,time, Rate of interest, amount, etc.,
Words

Presentation ● Individual work: A4 sheet

Approaching Meeting Exceeding

Students can identify the Interest Students will calculate Students will compare the interest rate given for
specified in the bank for the Amount , CI for the the savings scheme with that of Loans
comparison chosen Principal available., penalty amount , Maturity
amount,etc.,

1 1+1=2 1+1=2