Compound Interest per Period: Credit Card Payment

This Compound Interest per Period: Credit Card Payment interactive also includes:

Credit cards can be convenient, but are they worth it? Future consumers learn about compound interest and credit card payments. They use an interactive to create a table that shows the remaining balance after each month.

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Instructional Ideas

  • Team with a computer teacher to use spreadsheets for computing compound interest
Classroom Considerations

  • A free CK-12 account is necessary to access the interactive
  • Learners must be familiar with compound interest
Pros

  • Includes both review and challenge questions
  • Provides enough examples to completely understand the topic
Cons

  • None