Lesson 2 · Compound Interest: Worked Examples

Compound Interest: Worked Examples

MathematicsSubject
8 minEstimated read
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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