Unit planner Assessment rubric This rubric is intended as a guide only. It can be modified to suit teachers’ needs and to be integrated into existing assessment systems. Teachers may also wish to collect the worksheets as work samples for individual student folios. Student’s name: Skill Relevant content description(s) Relevant activities and worksheets Competent Developing at level Needs further development Notes The student can use an online interest calculator to explore the effects of compound interest Connect the formula to repeated applications of using appropriate digital technologies ) Activity 2 Worksheet 1 The student independently and successfully follows instructions for entering and amending information on an online compound interest calculator to obtain results. The student also uses the calculator to solve problems that have not been modelled (for example, Q8(b) and Q9) The student, with some assistance, follows instructions for entering and amending information on an online compound interest calculator to obtain results The student requires significant teacher guidance to follow instructions for entering and amending information on an online compound interest calculator to obtain results The student can use a calculator to determine compound amount and interest by repeated application of simple interest Activity 2 Worksheet 1 The student applies use of repeated simple interest with both annual and monthly rates to calculate savings account balances correctly. The student accurately compares balances using both compound and simple interest payments The student applies use of repeated simple interest with both annual and monthly rates to calculate savings account balances. Occasional errors are corrected with little or no assistance. The student compares balances using both compound and simple interest payments With teacher guidance, the student applies use of repeated simple interest with both annual and monthly rates to calculate savings account balances
Assessment rubric (cont) Skill Relevant content description(s) Relevant activities and worksheets Competent Developing at level Needs further development Notes The student can substitute values of P, r and n in applications of the compound interest formula Substitute values into formulas to determine an unknown Activity 4 Worksheets 5 and 6 The student substitutes values of P, r and n correctly in the formulas for inflation and depreciation to calculate all answers correctly The student substitutes values of P, r and n in the formulas for inflation and depreciation to calculate answers. Occasional errors are corrected with little or no assistance The student requires teacher guidance to substitute values of P, r and n correctly in the formulas for inflation and depreciation in order to calculate an answer The student can investigate and describe a relationship between variables Investigate and describe the is time Activity 2 Worksheet 1 The student accurately interprets generated tables and graphs to clearly explain how/why the amount of compound interest changes over time The student interprets generated tables and graphs to give some explanation of how/why the amount of compound interest changes over time The student attempts to interpret generated tables and graphs, but an explanation of how/why the amount of compound interest changes over time is unclear The student can explain how the five financial topics covered in this unit can influence financial planning Suggested Summative assessment ACMNA229 ACMNA234 ACMSP252 Activity 6 Worksheet 9 (includes assessment criteria) Part 1 The student adds at least three relevant questions related to each of the five topics to their list Part 2 The student describes a realistic scenario where financial planning is relevant. The student addresses each of the five financial Part 1 The student adds questions related to each or most of the five topics to list, but not all questions may be relevant Part 2 The student describes a scenario where financial planning is relevant. The student addresses most of the five financial topics and some Part 1 The student adds one or two questions related to some of the five topics to list Part 2 The student chooses a scenario, but the relevance of financial planning is not clear. The student attempts to address a few of the five financial topics