Interest

1. Extended Homework Task – Simple interest
Welcome to your next extended homework task :)
During this task you are going to learn how to use simple interest
which is sometimes used when borrowing or investing money.
Your project will be broken down into three different sections, as
follows:
Section A – researching the simple interest formula and how to use
it. You need to ensure you reference the sources you use, see
https://inspire.westminster.sa.edu.au/Study/Library/_layouts/Wor
dViewer.aspx?id=/Study/Library/Documents/Creating%20a%20bibli
ography.doc&Source=https%3A%2F%2Finspire%2Ewestminster%2E
sa%2Eedu%2Eau%2FStudy%2FLibrary%2FPages%2FCreatingBibliog
raphies%2Easpx&DefaultItemOpen=1
Section B – answering 10 questions that will demonstrate that you
are able to use and apply the formulas.
Section C – You are going to try and explain what is important about
interest rates when you are saving and what is important about
interest rates when you are borrowing. Please use Mathematical

2. Extended Homework Task – Simple interest
examples to demonstrate your recommendations. You need to
present section C as a guide to investors, it can be in any digital
format you choose.
Section A
In section A you need to research Simple Interest. You can use
some of the links supplied on D2L, but to get the higher marks, you
need to find some of your own. You need to reference the resources
you look at, see
https://inspire.westminster.sa.edu.au/Study/Library/_layouts/Wor
dViewer.aspx?id=/Study/Library/Documents/Creating%20a%20bibli
ography.doc&Source=https%3A%2F%2Finspire%2Ewestminster%2E
sa%2Eedu%2Eau%2FStudy%2FLibrary%2FPages%2FCreatingBibliog
raphies%2Easpx&DefaultItemOpen=1 which will help.

3. Extended Homework Task – Simple interest
Section B
Now you have researched the simple interest formulas, use them to
complete the following 10 questions:

4. Extended Homework Task – Simple interest
Section C – You are going to try and explain what is important about
interest rates when you are saving and what is important about
interest rates when you are borrowing. Please use Mathematical
examples to demonstrate your recommendations. You need to
present section C as a guide to investors, it can be in any digital
format you choose.
There will be marks for creativity and presentation.

5. Extended Homework Task – Simple interest

6. Extended Homework Task – Simple interest

7. Extended Homework Task – Simple interest

8. Extended Homework Task – Simple interest
Please see the marking rubric below:
A B C D E E-
Section A –
Research &
understanding
A wide variety of
sources used and
referenced
correctly.
5 marks
A wide variety of
sources used and
referenced well.
4 marks
A variety of
sources used and
referenced
correctly.
3 marks
A variety of
sources used and
referenced well.
2 marks
A small variety of
sources used and
referenced.
1 mark
Not complete
0 marks
Section B –
10 Question
10 correct
5 marks
8 or less correct
4 marks
6 or less correct
3 marks
4 or less correct
2 marks
2 or less correct
1 mark
Not complete
0 marks
Section C –
Mathematics
& concepts
Fully correct
assumptions and
calculations with
clear and concise
recommendations
10 marks
Correct
assumptions and
calculations with
clear
recommendations
8 marks
Correct
assumptions and
calculations with
recommendations
6 marks
Partially correct
assumptions and
calculations with
clear
recommendations
4 marks
Fully or partially
correct
assumptions and
calculations
2 marks
Not complete
0 marks
Section C -
Presentation
Professional,
clear and concise
presentation of
section C.
5 Marks
Very good and
concise
presentation of
section C
4 marks
Satisfactory and
clear
presentation of
section C
3 marks
Poor
presentation of
section C
2 marks
Very poor
presentation of
section C
1 mark
Not complete
0 marks