Mathematics Integrated Project

Integrated Project_Mathematics

Std: VIII                                         Topic: Buying a Car: 

                                             ‘Take your happiness on a long ride’                                       - Drive your dream through technology.

Objective: The student will be able to

·         compare car loan schemes of various banks

·         apply compound interest formula to find interests on car loan

·         select the best car loan scheme

Material required: (For each group)

To be sourced out by the student: scrap book, pictures, colour pencils, sketch pens

Preparation prior to session:

·         Inform the students that to arrange finance for buying a car of your choice, you need to take car loan, offered by different banks.

·         Ask the students to take a time period of not more than 5 years, it can be less than or equal to 5 years.

·         Ask the students to do research on various car loan schemes provided by several banks (HDFC, SBI, ICICI, IDBI, Citi Bank etc) and collect information on interest rate offered, down payment that needs to be done for the time period of your choice  in their scheme.

·         Instruct the students that they will have to decide on how much loan should be taken (Principal amount) from the information collected to get the best deal.

Procedure to carry out the project:

1.      Instruct that each student in the group needs to do research on the assigned criteria and collect related information in order to write in their scrap book.

2.      Instruct the students to write the heading as FINANCE FOR BUYING A CAR on the first page of Math project.

3.      Second page should contain the information collected from the research done by students i.e.  Interest rate, down payment to be done for the loan taken for 5 years time period in a tabular form

Banks	Down Payment	Principal Amount	Time period	Rate of Interest
HDFC
ICICI
SBI
IDBI

4.      Ask the students to calculate how much C.I. needs to be paid in the time period of your choice with the rate of interest offered by various banks on the third page.

5.      Instruct the students to write their conclusion based on their research and calculation including the following points:

®    which bank offers a better deal

®    the reason for their choice

6.      Inform that the students need to orally present the data collected, calculation and their conclusion  in the class.

Evaluation:

Assess students’ performance using the following criterion:

Rubric for assessment	Marks allotted
Research
Content knowledge
Accuracy in calculation
Oral Presentation
Logical thinking
Team work
Timely submission