Calculating Interest

You're never too young to learn about banking and personal finance. Use a set of seven banking lessons to teach middle schoolers about checking and savings accounts, interest rates, loans and credit cards, and safety deposit boxes.

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...

What does translating points on a number line have to do with solving inequalities? Young mathematicians first learn about translations of points on a number line, and then use this information to solve linear inequalities in one variable.

Address any kind of math concept or problem with a series of problem-solving strategies. Over 12 days of different activities and increasing skills, learners practice different ways to solve problems, check their answers, and reflect...

Use a KWL chart and discussion to explore the concept behind loans with interest based on percentage rates. Learners examine different types of interest, the history of interest loans and calculate the costs of a loan over a ten-year...

Your rich uncle just died and left all of his money to you. However, your evil relatives want some of the prize. Luckily, your uncle taught you everything you need to know about riddles, and has hidden his money. Can you solve...

View this tutorial for more than just a description of the formula for compound interest! An instructor goes through a problem, showing how to find simple interest and compound interest. After she completes each version, she explains the...

I=prt is the formula for 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 calculations.

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...

Young hopefuls can practice finding the average of a group of numbers represented in tables and word problems.