Difference between revisions of "MHSB - 7 - Maths :: Bank and simple interest"
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| + | [Contributor - Stuti Shah] | ||
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| + | 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. | ||
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| + | 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. | ||
=Additional Aids= | =Additional Aids= | ||
Revision as of 05:04, 5 December 2017
Go To:MSCERT-Mathematics-Grade 7
- Lesson Plan
- Textbook
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- Activities
- Additional Aids
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- Assessments
[Contributor - Kripa S]
Objective: Introduce different types of bank accounts, interest calculation in banks
Subtopics to be covered:
- Amount = Principal + Interest
- 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 (PNR/100)
- They can solve word problems on banking and interest calculation
[Contributor - Kripa S]
http://cart.ebalbharati.in/BalBooks/pdfs/701020004.pdf#page=78 (Marathi)
http://cart.ebalbharati.in/BalBooks/pdfs/703020004.pdf#page=78 (English)
[Contributor - Kripa S]
https://www.youtube.com/watch?v=2U8pGXca6VU (simple interest)
https://www.youtube.com/watch?v=gDFAfZbnwQM (simple interest problems)
[Contributor - Kripa S]
http://www.onemint.com/wp-content/uploads/2010/06/rising-interest-rates.jpg (bank interest)
https://www.handsonbanking.org/financial-education/wp-content/uploads/2012/11/TEENS_04_02_10_EN.jpg (interest from bank on deposit)
http://www.career90.com/images/uploads/1737161617_simple-interest.jpg (simple interest)
https://www.estoniancu.com/sites/default/files/chart1.png (simple vs compound interest)
[Contributor - Stuti Shah]
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.
[Contributors - Kripa S, Niranjan Kadam]
https://community.ekstep.in/preview/content/do_31217921324921651221216 (Video on bank interest) (Source: Ekstep)
https://community.ekstep.in/preview/content/do_31217290885867110421425 (Video on Simple interest) (Source: Ekstep)
https://drive.google.com/open?id=0BzNF2YyqQxJ-UU9MVm1QMWdZSGM (Answer Key]
[Contributor - Niranjan Kadam]
https://drive.google.com/open?id=0BzNF2YyqQxJ-Wjg0R3NWbGhSQ3M
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