MHSB - 6 - Maths :: Bank and simple interest

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.

Additional Aids

[Contributor - Niranjan Kadam]

https://drive.google.com/open?id=1kl_m-Gf9rq1jogha7hiyNTnBQheuYiQt

Transliteration

[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