We continued the Finance Project with an introductory lesson discussing a number of topics that the class might consider for the presentations that they will need to produce in groups. We talked about a number of aspects of finance and how it might well impact on every individual, we covered a range of topics such as house costs/rent; how the weather can affect farmers crops and the knock on effect on cereal costs; the average cost of student debt; average cost of a wedding and how some of the things that we might take for granted could change in 20-30 years.
One aspect of finance that keeps cropping up is percentages whether it is calculating percentage reduction in a sale, percentage increase to a salary or to house prices and in particular compound interest. As a consequence we spent a lesson on Compound Interest.
The class should log onto the MyMaths website and revise the lessons linked with percentages, in particular compound interest for next week. The percentage work can be found on the MyMaths website under Library – Number – Percentages – Percentage Change 1 & 2 as well as Number – Money & Finance – Simple Interest, Compound Interest and also Depreciation. The homework is also detailed on the website that the school now uses to inform parents of homeworks – https://harlawacademy.showmyhomework.co.uk
