Calculating Interest

Curriculum Relevance

England

Key Stage 4 

Ma2: Number and Algebra

• (2e) use percentages in real-life situations
• (2j) solve percentage problems
• (2k) represent repeated proportional change using a multiplier raised to a power

Wales

Key Stages 3 and 4

Number

• (3.1) develop and apply knowledge to solve problems including those that involve compound measures

  Northern Ireland

  Key Stages 3 and 4

  Number Operations and Applications

  • (c) understand and use repeated proportional change including calculation of compound interest
  • (f) calculate with money; solve problems in the context of finance

  Scotland

  Standard Grade

  Money

  • simple interest (General Level)
  • compound interest (Credit Level)