Mathematical structures of simple and compound interest: An analysis of secondary teachers’ relational thinking

Cavalcante, Alexandre; Savard, Annie; Polotskaia, Elena

doi:10.1007/s10649-024-10308-6

Educ Stud Math

2024

DOI: 10.1007/s10649-024-10308-6

|View full text |Cite

Mathematical structures of simple and compound interest: An analysis of secondary teachers’ relational thinking

Alexandre Cavalcante,

Annie Savard,

Elena Polotskaia

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2024

Publication Types

Select...

Article2

Relationship

Self Cite0

Independent2

Authors

Journals

Cited by 2 publications

References 19 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

On the mathematical content of financial literacy items

Dorner

2024

Front. Educ.

View full text Add to dashboard Cite

In light of the growing intricacy of the financial sector, there is a growing imperative for individuals to possess a robust understanding of financial principles and practices. Since the global financial crisis of 2008, a variety of financial education programmes have been introduced. It is therefore not surprising that the state of financial literacy in society is becoming a topic of great interest. For this reason, surveys have been developed to assess the level of financial education in a society. Some of the items used also seem to test mathematical proficiency. This article takes a closer look at selected financial literacy items. In more detail, it considers the mathematical content of these items, the necessity of mathematical thinking for answering the items and ideas for application-oriented teaching in mathematics that can be derived from the items. The analysis shows that a wide range of mathematical topics are addressed in the items. In most cases, there are two possible lines of reasoning to arrive at the answer, one mathematical and one economic. Unless quantification is involved, then a mathematical approach is unavoidable. The items provide a couple of ideas for financial topics that can be integrated into mathematics courses, for example risk considerations. From this perspective, mathematics teaching can be seen to support the idea of financial literacy as a cross-curricular subject.

show abstract

On the mathematical content of financial literacy items

Dorner

2024

Front. Educ.

View full text Add to dashboard Cite

show abstract

Math Calculation and Financial Literacy: The Incidence of Geometric Progressions in the Calculation of Financial Interest

Moreno-García

2024

JRFM

View full text Add to dashboard Cite

Calculations about compound interest serve as the basis of most financial decisions; therefore, it is imperative to explore what mathematical knowledge people need to correctly calculate simple and compound interest. The aim of this study is to analyze the relationship between college students’ competence in calculating simple and compound interest and their understanding of the arithmetic and geometric progressions. It is also pointed out whether the results vary according to gender. Population proportion tests are carried out, and gender proportion differences are considered for inferential analysis. The dichotomous Probit model was used for correlation analysis. Results demonstrate that 59.8% of students know how to formulate a whole-number succession, and only 30.9% in the case of fractional numbers. Less than 50% of students can calculate compound interest, but 76.7% can calculate simple interest. There is no significant difference between men and women. The results show a positive relationship between male students’ competence in calculating compound interest with the possibility to correctly formulate a geometric succession. Findings can be useful for mathematics teaching strategy design and its applications in finance contexts with the purpose of training students to be better at finance decision making.

show abstract

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

customersupport@researchsolutions.com

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

Mathematical structures of simple and compound interest: An analysis of secondary teachers’ relational thinking

Cited by 2 publications

References 19 publications

On the mathematical content of financial literacy items

On the mathematical content of financial literacy items

Math Calculation and Financial Literacy: The Incidence of Geometric Progressions in the Calculation of Financial Interest

Contact Info

Product

Resources

About