1. Section 1

Mathematics 20-3 Module 2

Section 1: Simple and Compound Interest

 

In this photo a green vine is growing from a roll of Canadian one hundred dollar bills.

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Section 1 Introduction

 

How are your financial gardening skills? Are you interested in seeing your money grow? Don’t let your money sit neglected and withering on the vine. Invest! Banks, credit unions, governments, and businesses will all pay you when you deposit cash with them. They’ll pay you interest!

 

In the Section 1 Project: Capturing Your Interest!, you will explore various investments that earn interest. While working through the lessons, you will investigate how to make simple interest and compound interest work. You will discover how each type of interest is calculated and look at similarities and differences. Then, armed with this knowledge, you too can plant the seed for your financial money tree.