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Day 18 · Simple interest is not compoundingYear 11 Maths · T1 W3–4 · Day 18 lesson

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Year 11 / Mathematics / Term 1 / Weeks 03 04

Part of the full two-week lesson sequence. Check the pack guide and taught point before teaching.

Open for this lesson: Pack guide · Fresh learner checks · Aids and text routes.

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Teacher copy: This page may include teaching prompts or answer keys. Answer keys in this public library can be viewed by anyone. Give learners a clean prompt, use checks as formative evidence, and change a case locally when prior access matters.

Learner choices

Goal: apply I=Pin with a yearly rate and labelled time, then test a changed term. 25 = 2 + 5 + 6 + 7 + 5.

  1. 0–2: Name P, annual i and years n in Card F. Say these are fictional assumptions, not a real account or return.
  2. 2–7: Model I=2400×0.035×2=$168; final amount $2,568. Check 3.5% of 2400 is $84 for one year, so two simple-interest years give $168.
  3. 7–13: Learners recompute one year: interest $84/final $2,484. Explain why multiplying the first year's new amount by 3.5% would be compounding, which is not this stated model.
  4. 13–20: Routes: two equal $84 annual strips attached to original P only; fill the interest timeline; use symbolic P×i×n then verbalise units and no-compounding limit. All routes compare one and two years.
  5. 20–25: Exit “Which amount is the base in year 2 of this simple model?” Key: original $2,400. Move: if learner compounds, draw both $84 strips from the same P.

Alternative domain: Fictional invoice late-charge maths without a real contract. Optional/home: find I for invented P=$1,000, i=2%, n=2 years; no financial recommendation.