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.
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...