Illustrative Mathematics
Illustrative Mathematics: F Le Interesting Interest Rates
For this task, learners work with simple and compound interest rates to determine which bank offers the best return on a deposit. Aligns with F-LE.A.1.
Illustrative Mathematics
Illustrative Mathematics: F Bf Compounding With a 5% Interest Rate
In the problem presented here, money is invested in an account and its owner understands that interest compounded semi-annually gives a better return than interest compounded annually. He wonders how much interest can be earned by...
Illustrative Mathematics
Illustrative Mathematics: F Le a Valuable Quarter
The context of this task is that a quarter was put into a bank account in 1901 and students are asked to calculate its value in 2013 at two different interest rates. Those amounts are compared to the appreciation rate of a rare and...
Calculator Soup
Calculator Soup: Loan Calculator
Use this loan calculator to determine your monthly payment, interest rate, number of months or principal amount on a loan. Find your ideal payment by changing loan amount, interest rate and term and seeing the effect on payment amount.