NA5 GROWTH AND DECAY – FINANCIAL MATHEMATICS
This workshop guide provides learning activities that explore the ways in which arithmetic and geometric series are used in simple and compound interest calculations related to loans (including pay-day loans) , investments, annuities, hire-purchase, inflation etc. and there is an explanation of how APR is calculated. Ideas are given for practical ways of supporting learners in developing communication skills by presenting to the class, for example by role playing the seller of different loan schemes.
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