Who wins the battle of the interest rates? Scholars use an interactive to investigate three different bank rates. Comparing APR and APY lets them see how nominal and effective rates differ.

Concepts

interest, interest rates, compound interest

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Additional Tags

math

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Instructional Ideas

• Apply the open discussion question as a think-pair-share prompt
  

Classroom Considerations

• Requires a free CK-12 account to access the interactive
• Learners should have experience with interest rates and exponential functions

Pros

• Directions are clear, so interactive is easy to use
• Answers to review questions are available in a separate PDF file

Cons

• None