Lesson, Video
Most of us use banks to keep our money safe. We put our money in, can access it at any time and earn interest. So how do the banks make such enormous profits? Where does that money come from? Listen to Nathan Bazley explain how the banks use your money and make a profit. This clip provides a context for percentage, simple interest and decimal multiplication.
- Topics:
- Number, Consumer Arithmetic
- NSW 7-10 Syllabus:
- NS Number, NS5.1.2 Consumer Arithmetic
- New NSW K-10 Syllabus for the Australian Curriculum:
- Number and Algebra, MA4-6NA Financial Mathematics
Submit a correction to this link | Help align this link to New NSW K-10 Syllabus for the A.C. or The Australian Curriculum