**Level:** Year 9

**Author:** Marcus Garrett

**Description:**

In this unit you’ll be introduced to the calculation of simple interest, as a starter for learning about the more widely used compound interest in Year 10. You’ll learn about a range of ways in which interest generally is used and applied in the real world and then use the formula for calculating simple interest to solve borrowing, saving and investment problems.

**Australian Curriculum (Mathematics) Outcome:**

- Solve problems involving simple interest (ACMNA211)

**Resources:**

This unit includes an *AMSI Interactive* called ‘Simple Interest’.

**For any questions or queries please contact: ****choosemaths@amsi.org.au**