International Baccalaureate Mathematics

Syllabus Content

Amortization and annuities using technology

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

Interest Practise using the formulas for simple interest and compound interest.

Interest Video Learn about simple interest, compound interest, appreciation and depreciation. This video is to help you do the online, self-marking exercise.

Compound Interest Calculator A customised online calculator for quickly finding the solutions to compound interest problems.

Overdraft Charges Do you understand how your bank charges you for taking out an overdraft? Try this self marking quiz.

Amortisation and Annuities Exercises containing problems about gradually paying off loans and calculating pension plans.

Here is an exam-style questions on this statement:

"Mr and Mrs Moule are considering purchasing a new car with a price of £12000" ... more

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

Money For many pupils the ability to understand financial transactions is a skill they thank their mathematics teacher for. Understanding the use of money is a real, practical application of mathematics in the real world and is just as important today as ever it was. When it comes to managing our money and avoiding costly mistakes it is well worthwhile to strive to become an expert. There are key aspects of personal finance the pupils should understand as the get older and more independent in their lives and the activities provided here provide resources for a small part of their learning process.

Featured Activity

The Transum Newsletter for May 2025 has just been published. Click on the image above to read about the latest developments on this site and try to solve the puzzle of the month. You can read the newsletter online or listen to it by downloading the podcast.

Prime Path Pace

The objective is to find a continuous path of prime numbers in the shortest time. So far this activity has been accessed 45 times and only 1 person has earned a Transum Trophy for completing it.

Furthermore

If you use the TI-Nspire graphic display calculator here are instructions for using the Finance Solver.

This video on Finance Solver is from Revision Village and is aimed at students taking the IB Maths Standard level course.

Transum,

Friday, August 16, 2019

"Amortization is the action or process of reducing or paying off a debt with regular payments. An annuity is a series of payments made at equal intervals. Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments."

How do you teach this topic? Do you have any tips or suggestions for other teachers? It is always useful to receive feedback and helps make these free resources even more useful for Maths teachers anywhere in the world. Click here to enter your comments.