Page 114 - SK Year 5 Mathematics DLP
P. 114
SIMPLE INTEREST AND COMPOUND INTEREST
Mum, why is
the value of The value for the first year
the interest is simple interest. If the
different? savings is not withdrawn
in the first year, compound
interest is given on the
second year.
simple interest
for the first year
Balance at the Interest Amount Balance at the
Year
beginning of the year rate of interest end of the year
First RM2 000 1.8% RM36 RM2 036
Second RM2 036 1.8% RM36.65 RM2 072.65
Third RM2 072.65 1.8% RM37.31 RM2 109.96
compound interest for
Simple interest is an amount of money
received by anyone who saves money second and third year
in a bank within a period of time.
Compound interest is an interest
received from the savings and interest
collected each year.
Mum, what
happens if If the savings
the savings is decreases, the value
withdrawn? of interest will also
decrease.
106 • Carry out group activities to get the simple interest and compound
3.3.2
interest offers from various bank websites and compare them.
