Curated OER
Compounding with 100% Interest Rates
Your young economists will be amazed at the effect of compounding interest more frequently in this collaborative task about making sound financial choices. Learners are walked through the calculations of a couple of examples and then...
Curated OER
Buying Cars/Financing Cars Compound Interest
Provide a real world context in which exponential functions are used to determine a eal world phenomena such as compound interest and exponential growth. This instructional activity should be taught after students have mastered the laws...
West Contra Costa Unified School District
Interest and the Number e
Mary, Mary, quite continuously, how does your money grow? Uses examples to examine the difference between simple interest and compound interest, and to take a look at different rates of compounding. Learners explore what would...
Curated OER
Compounding with a 5% Interest Rate
The balance in an account continuously compounding interest is the context of this engaging task. Your young accountants will investigate the ending balance in an account as they compound the interest more and more. Learners write the...
EngageNY
Percent Rate of Change
If mathematicians know the secret to compound interest, why aren't more of them rich? Young mathematicians explore compound interest with exponential functions in the twenty-seventh installment of a 35-part module. They calculate future...
National Research Center for Career and Technical Education
Business Management and Administration: Compound Interest - A Millionaire's Best Friend
Many math concepts are covered through this resource: percentages, decimals, ratios, exponential functions, graphing, rounding, order of operations, estimation, and solving equations. Colorful worksheets and a link to a Google search for...
Curated OER
Logarithmic Functions
Learners explore the characteristics of logarithmic functions and their relationship to exponential functions. Using the subscriber website Explorelearning.com, pupils observe changes in the input variable and its effect on the graph of...
EngageNY
Why Do Banks Pay YOU to Provide Their Services?
How does a bank make money? That is the question at the based of a lesson that explores the methods banks use to calculate interest. Groups compare the linear simple interest pattern with the exponential compound interest pattern.
Curated OER
Rising Gas Prices – Compounding and Inflation
Financial literacy skills and exponential models are connected by the compound interest formula in this task centered on inflation calculations. Collaborative learners get experience collecting data from the given websites and exploring...
Curated OER
Interesting Interest Rates
Your young bankers compare earning interest accumulated yearly and monthly to decide which method most increases their balance. Using an exponential function to model the bank balance affords the learners more practice connecting...
Curated OER
M&M Interesting
Students examine the concepts of trade-offs and opportunity cost to decide between savings accounts with simple interest and those with compound interest. They calculate interest earned on account balances while working in groups and...
Council for Economic Education
Loan Amortization - Mortgage
When you buy a home for $100,000, you pay $100,000—right? On the list of important things for individuals to understand, the lesson presents the concept of interest rates and loan amortization using spreadsheets and online sources....
Federal Reserve Bank
Financial Literacy Infographic Scavenger Hunt
A lesson in personal finance can be the most valuable part of a high school education. Connect the basics of banking with informational reading skills in a lesson that prompts teenagers to answer a series of questions based on...
Curated OER
Compound Interest
Students solve compound interest problems. For this solving compound interest problems lesson, students use TVM Solver on the Ti-83 Plus. Students find the future value of a principal amount at a given interest rate compounded a certain...
Curated OER
Compound Interest
Pupils analyze the variables in the formula of a compound interest. They model the increase or decrease of an investment using compound interest and discuss different compounding periods.
Curated OER
A Valuable Quarter
Your young bankers model an account balance with an exponential function and solve the equation by extracting a root or taking a logarithm. The task involves the context of annual and compounding interest as well as some interesting...
SaveandInvest.org
Introduction to Earning Interest: Grades 9-10
Does your bank pay you for allowing them to hold your money? The instructional activity covers three different ways your money can make money. Topics include certificates of deposit, statement savings accounts, and money market accounts.
SaveandInvest.org
Introduction to Earning Interest: Grades 11-12
Does your bank pay you for allowing them to hold your money? Class members investigate three different ways money can make more money. Topics include certificates of deposit, statement savings accounts, and money market accounts....
PwC Financial Literacy
Buying a Home: Terms of a Mortgage
Buying a home, dealing with a lender, securing a mortgage; these are daunting tasks for many adults. Why not teach middle schoolers about this area of adulthood so they are better-prepared to make the leap into home ownership when they...
Curated OER
Introduction to Earning Interest: What are APR and APY?
Students explore saving and investing money. In this middle school personal finance lesson, students define and use investment vocabulary, explore compound interest and its effect of savings, and compute simple and compound...
Curated OER
Credit Cards and Compound Interests-Exponential Growth
Eleventh graders investigate the way credit cards work when collecting interest. In this algebra lesson, 11th graders investigate the growth of interest exponentially when using a credit card. They calculate what the cheapest rate is to...
Curated OER
The Hundred Penny Box
Students analyze the advantages of regular saving and how savings grow with compounding. After reading the story "The Hundred Penny Box", students define the terms "interest," "interest rate," and "compounding." Through several...
Project Maths
Introduction to e
First there was pi and now there's e. A discovery-based lesson helps learners find a pattern in compound interest as the compounding period changes. Their investigation results in the discovery of the number e. The lesson is the first in...
Curated OER
The Business of Interest
Students explore the concept of simple and compound interest. In this interest lesson, students discuss how interest works on a loan. Students calculate simple and compound interest on loans of fictitious characters from a video.