Financial mathematics

Activities based on financial mathematics, including concepts related to simple interest, discounts, unit pricing, compound interest, best buys, budgeting and more.

Financial mathematics and decision-making

Slide1 FM

This video introduces the concept of financial mathematics. In it Peter Mondolo explains why it is an important for teenagers to learn this concept and how it can influence their future. (8:00)

A lesson plan and poster are provided.
 

Simple interest

Slide1 SI

This video introduces the concept of simple interest. In it Peter Mondolo explains why a knowledge and understanding of simple interest is important for teenagers to learn, and how it can influence their future. (10:50)

A lesson plan and poster are provided.
 

Calculating simple interest

Slide1 Simple interest calc

This video exemplifies how to calculate simple interest. In it Peter Mondolo explains and demonstrates the use of the formula in a teen-friendly context. (6:00)

A lesson plan and poster are provided.
 

What is a best buy?

  Slide1 BB

This video introduces the concept of 'best buy' in financial mathematics. Peter Mondolo explains the concept and applies a strategy for working out the best buy for a fitness tracker from three possible sources. Peter provides a thorough explanation of the mathematical reasoning required to solve the problem and also introduces the concept of risk as an element of determining the best buy. (12:40)

A lesson plan and poster are provided.
 
Best buy sm
 

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