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Interest and Depreciation Calculations•
Percentages

Interest Comparisons WORKSHEET

Suitable for Year groups: Year 10, Year 11
GCSE Tier: Foundation/Higher
Targeting grades: 4-5
Prerequisite knowledge: Financial literacy, order of operations, use of a calcualtor.
Learning Objective: Set up, solve and interpret the answers in growth and decay problems, including compound interest

Interest Comparisons WORKSHEET DESCRIPTION

Students have the opportunity to calculate and compare simple and compound interest throughout this worksheet; it begins by providing formulae that can be used to calculate both, a good opportunity to discuss their similarities and differences with your class or individual.

In section A, pupils are asked to show which type of interest gives the largest final amount in four different scenarios. Each question has been carefully curated; in the first two questions the percentage interest rates are the same and in the last two the percentage rates are different.

Section B consists of different 3 questions where learners will make financial comparisons and choices with varying interest rates, time periods and scenarios.

All worksheets are created by the team of experienced teachers at Cazoom Maths.

Interest Comparisons Worksheet suitable for students in Year 10 and Year 11

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Frequently Asked Questions

Students should be comfortable with financial literacy concepts, order of operations, and calculator use before tackling these interest problems. These prerequisite skills are essential as pupils will be manipulating formulae and performing multi-step calculations. Having a solid foundation in these areas will help students focus on understanding the key differences between simple and compound interest rather than getting stuck on basic computational skills.