The banking system
Answers are for parents and teachers.
1
Two (conditional) deposit types: A — 12% annual simple interest; B — 10% annual compound interest. If 100 mln so‘m is deposited for 2 years, how many so‘m is the interest income under A?
24000000
2
Under the same conditions, how many so‘m in total is there under B after 2 years?
121000000
3
Which deposit gives more income in 2 years (A or B above)? Justify with calculation.
A: 24 mln so‘m; B: 121 − 100 = 21 mln so‘m. So A gives more income. This is only a learning calculation, not financial advice.
4
Ask the adults in your family which bank services they use (card, payments, deposits, etc.) and make a list. Do not ask for personal numbers or passwords.
The answer depends on the family; for example: a plastic card, utility payments, money transfers, a deposit.