Innovative Work

INTEREST MONEY CIRCLE

The innovative work is based on the chapter on money math.

Through this innovative work, I tried to emphasise the various interest scheme and the most beneficial scheme in which the customer get maximum interest 

Through this innovative work, students can identify the same principal amount and same interest rate from the following scheme

1) interest compounded annually

2) interest compounded half-yearly

3) interest compounded quarterly

To include students' participation I divide the class into 4 groups and selected leaders for each group then I asked the leaders to rotate the circle to get their problem and tell them each and everyone to solve the problem they get.

After solving I tabulated it in the blackboard.

From this we find out the most benefited scheme.

Result

Most benefited scheme interest compounded quarterly