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Lesson 2: Compound Interest: Worked Examples
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Compound Interest: Worked Examples
Lesson 2 · Compound Interest: Worked Examples
Compound Interest: Worked Examples
Mathematics
Subject
8 min
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Activity
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Points to Remember
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Practice Questions
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Practice Test
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Video
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Project work
Comparing the saving schemes of a nearby financial institution
Method
Visit a co-operative, bank or financial institution near you.
Ask the head of the institution, the receptionist or anyone else who can help about the different schemes they offer.
If you find the institution's brochure, study the schemes it describes.
Decide which scheme you would prefer if your father, mother or another family member wanted to deposit a sum of money, and why.
Prepare a report giving your reasons and present it in your classroom.
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