Council for Economic Education
Calculating Simple Interest
How much is owed? A calculated resource introduces the simple interest formula with a video that describes how to use it. Classmates then show what they know by answering questions within a simple interest worksheet.
EngageNY
Simple Interest
An interesting lesson helps young financial wizards determine the amount of money earned via interest. The resource introduces the concept of simple interest to show how money can grow. Pupils use their knowledge of percents to solve...
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...
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.
SaveandInvest.org
Introduction to Earning Interest: Middle School
Does your bank pay you for allowing them to hold your money? Class members research three different ways they can earn money using money already in the bank. Topics include certificates of deposit, statement savings accounts, and...
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.
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...
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....
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...
Curated OER
Investing for the Future
Twelfth graders perform basic calculations for saving and investment strategies. they simulate the investment of $1,000 in the stock market and savings account. they determine which pays the greater dividend.
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
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.
Teach Engineering
The Advantage of Machines
Show your students how to make their work easier. The first lesson plan in a series of 10 introduces the class to work and the way simple machines can be make work easier. The simple machines scholars can find in everyday items are...
Curated OER
Compound Interest
In this consumer math worksheet, students read an example of how to use the interest formula to compute interest that is compounded daily over six years. They complete a chart where they compute the interest earned over 10 years when the...
Curated OER
Calculating Interest
Students explore the concept that when money is borrowed, people pay to use it because someone else is losing an opportunity to use it while they have it. What you pay to use the money is called interest. The rate of interest is a...
Curated OER
Data Analysis: Investing is an "Interesting" Experience
Students compute interest earned. In this data analysis activity, students examine investments and interest rates. They compute the total interest earned and find the simple interest.
Curated OER
Simple Machines, Engines and the Environment
Fourth graders calculate the mechanical advantage of an inclined plane. In this physics lesson, 4th graders identify the different types of simple machines and their uses. They give examples of compound machines.
Curated OER
Solving Problems Using Interest
In this math worksheet, students look for the solutions to the problems using interest. Then they calculate the new principal after adding the interest.
Curated OER
Simple Machines, Engines and the Environment
Young scholars examine and describe the six main simple machines. In groups, they work with an inclined plane to calculate the ideal and actual mechanical advantages of the plane. Using their results, they must determine the efficiency...
Curated OER
Time Value of Money- Compound Interest
Students study the concept of compound interest as it relates to the time value of money.
Curated OER
How Do You Double Your Money?
Pupils understand how to calculate the return on investments for various rates and lengths. Also, they compare their results with the StocksQuest Calculator, which lists calculations year by year.
Curated OER
Chinese New Year: A Simple Lesson in Debt, Percent, and Loan Interest
Students study Chinese New Year traditions while investigating the concepts of percent and loan interest. They apply the concepts to calculate the total debt on monies borrowed.
Visa
A Way to Wealth: Understanding Interest and Investments
Money motivates! Help young bankers understand how math plays a part in investing. Give learners math practice while instilling real-world financial literacy skills.
Curated OER
Calculating A Car Payment
Learners choose a car from an Internet used car dealer and then calculate their monthly payment. All the necessary resources and formulas are provided. This is a simple, but practical and effective, lesson for a math or life skills class.