Simple and Compound Interest in Canadian Secondary Mathematics: A Myriad of Approaches (Poster 21)

• In Event: AERA Poster Session Eight
  In Poster Session: Section 1C Mathematics Poster Session

Abstract

In this paper, we explored the ways simple and compound interest (SCI) is incorporated into secondary mathematics across all Canada. Comparative document analysis of all ten Canadian provincial curricula revealed a myriad of approaches that propose SCI to be taught from grades 5 to 12 to different profiles of students (academic, non-academic) under multiple mathematics strands: arithmetic (number), algebra (discrete and exponential functions), data and probability, financial literacy, financial mathematics, and finance-specific strands (banking, interest & credit, managing money, etc.). Overall, this inconsistency in integrating SCI in Canada is likely the result of a lack of consensus in mathematics education research regarding financial literacy.

Author

• Alexandre Cavalcante, University of Toronto
  Presenting Author