University of Toronto (Canada)
Answers and Explanations Simple and Compound Interest
If a bank account produces "simple interest", the interest is paid directly and does not become part of the account's interest-bearing balance. That balance remains constant, and it's easy to figure out how much money you earn. This site...
Texas Instruments
Texas Instruments: Math Today for Ti Navigator System College Costs Surge
During this activity, students will explore the expected cost of college and also look at methods of saving money for the future. Comparing simple and compound interest will help students make decisions about their future. Students will...
Federal Reserve Bank
Federal Reserve Bank of Atlanta: Saving and Investing
Explains the Rule of 72 with examples of compound interest and its power to help grow students' money.
ClassFlow
Class Flow: Checking and Savings Accounts
[Free Registration/Login Required] Practical Mathematics begins with the basic checking and savings account and how to reconcile a checking account statement. Simple and compound interest are demonstrated in this step by step flipchart.
University of Nebraska Omaha
University of Omaha: Why We Save [Pdf]
Why do people need to save money? This lesson plan is geared for Kindergarten through 2nd grade and helps students understand the reasons for saving.
Texas Instruments
Texas Instruments: Numb3 Rs: Financial Futures
Based off of the hit television show NUMB3RS, this activity shows students how money invested at different interest rates grow differently. The lesson focuses on aspects of interest such as compounding, length of time between...
Consumer Financial Protection Bureau
Consumer Financial Protection Bureau: Saving for Post Secondary Education
Students use an online compound interest calculator to answer questions and create charts that show the value of saving money over time for future education goals.
Calculator Soup
Calculator Soup: Rule of 72 Calculator
Use the Rule of 72 to estimate how long it will take to double an investment at a given interest rate. Divide 72 by the interest rate to see how long it will take to double your money on an investment.
Math Is Fun
Math Is Fun: Solving Word Questions
A tutorial that explains how to solve word problems. It points out key words that signal operations or what is being measured, and wording that is confusing and needs to be simplified. Presents lots of examples, both simple and complex,...