MHSB - 6 - Maths :: Bank and simple interest

From evidyaloka
Revision as of 11:17, 13 August 2022 by Wikividya (Talk | contribs)

Jump to: navigation, search

Go To:MSCERT-Mathematics-Grade 6

[edit]

[Contributor - Kripa S]


Objective: Introduce what a Bank is, interest calculation in banks

Subtopics to be covered:

- How a bank works

- Define the terms rate of interest, pcpa, principal

- Interest formula, calculation of amount payment on principal

Learning Outcome:

- Students know how to calculate interest over principal deposited in bank

- They can solve word problems on banking and interest calculation


[Contributor - Kripa S]


https://www.youtube.com/watch?v=2U8pGXca6VU (simple interest)

https://www.youtube.com/watch?v=gDFAfZbnwQM (simple interest problems)

https://www.youtube.com/watch?v=BJhQyrYufG0 (Compound interest)

https://www.youtube.com/watch?v=kRFzrmzp7Jg (compound interest example)

(Source - Ekstep) https://community.ekstep.in/preview/content/do_31217921324921651221216 (Marathi - Video on bank interest)

[Contributors - Stuti Shah, Niya Nath]

1. Ask students to form groups of 2. Ask each member to draw a note of a certain value above Rs. 50 and give it to their partner. Ask each student to then accept this note from their partner and calculate simple interest on it for 3 years, if the rate at which interest is equal to 6%. Write down this interest amount in a piece of paper and return it to their partner.

2. Ask students to form groups of 4 and make mock plays, where two individuals are the customers, and 2 people are the bank employees. The customers will state the principal, and the bank employees will state the rate. The time period is 5 years. Whichever team (employees or customers) calculates the interest first, wins.

3. Divide the class into 3 small groups of 2 people each. Each group should represent a Bank (Bank A, Bank B and Bank C). Each member of the group chooses a designation like Manager and Clerk. Let the other students be the customers. Each customer should visit the Bank A, B and C and inquire about the services and various interest rates. At the end let the customers choose the Bank which offers the best services and lowest loan interest rates.

[Contributor - Niranjan Kadam]

Term Transliterated Term Translated Term
Fixed Deposit फिक्स्ड डेपोसिट बंद ठेव
Recurring Deposit रेकररिंग डेपोसिट आवर्ती ठेव
Principal प्रिंसिपल मुद्दल
Rate of Interest रेट ऑफ इंटरेस्ट व्याजाचा दर
Time Period टाइम पिरियड मुदत
Money मनी पैसे
Savings Account सेविंग्स अकाऊंट बचत खाते
Simple Interest सिम्पल इंटरेस्ट सरळ व्याज
Transaction ट्रान्सआकशन व्यवहार
Financial organisation फीनंसिअल ओर्गानिसशन वित्तीय संस्था

[Contributor - Srishthi Jaipuria]

https://drive.google.com/open?id=1lAhLjopCVP0lMEtitLWUm_xV8ZLHo4hv (Question bank - English)

0.00
(0 votes)


Add your comment
evidyaloka welcomes all comments. If you do not want to be anonymous, register or log in. It is free.