Students solve interest problems for bank accounts and loans to gain real life experience. They also review newspapers and find a car they wish to purchase then are given a rate and time of loan.
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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 money...
6th - 8th Math CCSS: Adaptable
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...
6th - 12th Math CCSS: Designed
Calculate Simple Interest Using the Simple Interest Equation
Recommended after watching the prior videos in the series, this video builds on the percent change equation to create a simple interest equation. The problem is set up as a proportion and then is cross multiplied to create an equation...
6 mins 6th - 8th Math CCSS: Designed
How Do You Use the Formula for Simple Interest?
I=prt is the formula for simple interest. What does each variable represent? I =interest, p =amount originally invested, r =rate of interest (usually in percent), t =time. Now all you have to do is plug in the numbers and do the...
4 mins 6th - 12th Math