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Mathematics Matters Lesson Accounts 8 - Managing Money

This page has been archived. The content was correct at the time of original publication, but is no longer updated.
Created on 27 May 2008 by ncetm_administrator
Updated on 25 June 2008 by ncetm_administrator

Mathematics Matters Lesson Accounts
A collection of memorable mathematics lessons that conference and colloquia delegates had observed or taught which they felt were successful.  Each account refers to one or more of the values and principles in the report.

Lesson Account 8 - Managing Money

Written by Caroline Cairns
Organisation Trafford College
Age/Ability Range 16-19 FSMQ Managing Money (GCSE E-G)

How was the session/task introduced?
Start on calculating compound interest. Intro matching cards % / fraction / decimal equivalents e.g. 25% / ¼ / 0.25 (in pairs or threes) to recap previous learning.

How was the session/task sustained?
Students created own problems in pairs.

Picking an amount of money card and a % card and calculating interest and total after one year.

Fill in chart (do at least 4)

Amount of £ % calculation Interest Total

Each group fed back one of their questions and their method to the rest of class.

Discussion took place about what happens next year, year after etc.

For first four problems calculate 1 year, 2 years, 3 years, 4 years, 25 years.

Students were asked to find an easier way, quicker method ( for 25 years) etc.

Calculations were checked using a spreadsheet containing the compound interest formulae.

How was the session/task concluded?
Discussion of methods of working and how they could arrive at total investment.
New problem.

What were the critical moments?
No answer

What mathematics was learnt? (on plan and off plan) and what is the evidence of learning?
Rounding to nearest 1p/calculating increase in %

How was that mathematics learnt?
Discussion with each other. Sharing prior learning.

Other memorable outcomes
No answer


Click here to download the sheets to accompany this resource (PDF format).


Downloadable PDF

Click here to download this lesson account in PDF format.

Values & Principles

Fluency in recalling facts and performing skills
Appreciation of the power of mathematics in society
Builds on the knowledge learners already have
Makes appropriate use of whole class interactive teaching, individual work and cooperative small group work

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Lesson Accounts Introduction

Mathematics Matters - What constitutes the effective learning of mathematics? find out more


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