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These are the Transum resources related to the statement: "Pupils should be taught to set up, solve and interpret the answers in growth and decay problems, including compound interest {and work with general iterative processes}"

Here are some specific activities, investigations or visual aids we have picked out. Click anywhere in the grey area to access the resource.

- Compound Interest Calculator A customised online calculator for quickly finding the solutions to compound interest problems.
- Interest Practise using the formulas for simple interest and compound interest.

Here are some exam-style questions on this statement:

- "
*Winky Lash wants to invest £20 000 for 3 years in a bank. She has the following two choices of banks, both offering compound interest but on different terms:*" ... more - "
*The value of a boat is £220 000.*" ... more - "
*Using \(x_{n+1}=-5-\frac{6}{x_n^2} \)*" ... more - "
*Michael Banks invests £2000 in a savings account for two years. The account pays 2% compound interest per annum.*" ... more - "
*The value of a new house, \(V\), is given by:*" ... more - "
*Here are the details for two bank accounts.*" ... more - "
*Montague invests £7000 for six years in a bank offering compound interest at \(x%\) per annum.*" ... more - "
*Consider the following cubic equation:*$$x^3-7x-5=0$$

*An approximate solution can be found by using the following iterative process.*" ... more

Click on a topic below for suggested lesson starters, resources and activities from Transum.