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Simple and Compound Interest Processes for Loans in the Money Market

Over the course of 4 modules, we will discuss the basic concepts of Lending/Borrowing, Simple Interest, Compound Interest, and the Compounding Process. We will work on practice questions.
Rajvi Mehta
Average rating:
5.0
Number of reviews:
(23)
Class
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What's included

4 live meetings
3 hrs 40 mins in-class hours
Homework
1 hour per week. Homework will be assigned after each class. Homework may take ~1 hr outside of regular class time after each class.

Class Experience

US Grade 7 - 9
Hello there, 
Thank you for considering this class and reading up to this point!!! This class would start by introducing the basic concepts of lending/borrowing and how loans work in the real world. The concept of interest will be introduced through real-life analogies. Two ways of calculating interest: 1. Simple Interest and 2. Compound Interest will be discussed next. 
Next, we will discuss why simple interest is so simple and what compound interest offer that simple interest doesn't. Why the word "Compound" is used for describing compound interest? This will lead to the introduction of the "Compounding Effect" and "Exponential Growth". 
In between the concept discussion, we will work on a few practice questions. Homework will be given after each class and students are encouraged to submit it. If a student has any questions, they are welcome to use OS messaging system to reach out to me for help before the next class takes place. 

Tentative Agenda: 
Class 1: 
-> Introduction to the concept of Loan / Lending / Borrowing
-> Introduction to the concept of Interest
-> Introduction to the concept of Simple Interest

Class 2: 
-> Complete the explanation of Simple Interest 
-> Practice Questions on Simple Interest

Class 3: 
-> Introduction to the concept of Compound Interest
-> Practice Questions on Compound Interest

Class 4: 
-> Effect of compounding
-> Group Discussion about Compounding Process
Learning Goals
Students should be able to demonstrate an understanding of Simple and Compound Interest and the difference between the two.
learning goal

Other Details

External Resources
Learners will not need to use any apps or websites beyond the standard Outschool tools.
Joined June, 2021
5.0
23reviews
Profile
Teacher expertise and credentials
Master's Degree from University of Texas at Arlington
Hi there,

A Telecommunication Engineer turned into a Maths teacher here, following my passion and heart!! Being mom of 2 school going children, I always feel that learning Math should be a thought provoking group discussion. Child should be engaged in a way that Math starts making sense to him/her. 

I had been a Master Tutor for Math at University of Texas at Arlington from 2004 to 2005, while I was pursuing my Masters of Science - Electrical Engineering with focus in Wireless Engineering. At UTA, I was awarded title of Master Tutor after having taught for 500 + hours and completing Level 1 to Level 3 Tutor's training. 

I enjoy teaching: 

Higher Grade Subjects like:
Business Math, Calculus, College Algebra, Geometry, Elementary Statistics, Differential Equations 

Lower Grade Subjects like: 
Algebra, Geometry, Number Systems etc

Reviews

Live Group Class
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$48

for 4 classes
1x per week, 4 weeks
55 min

Live video meetings
Ages: 12-15
1-6 learners per class

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