Consumer Math - How to Compute Simple Interest

Your learners will get lots of practice calculating simple and compound interest by the end of this lesson. Simple explanations and examples lead learners through the concepts and steps of calculating simple and compound interest...

Put on your thinking caps because middle school math has never been more interesting in this huge resource full of thought provoking questions. Written as a newsletter, the resource has 10 two-page newsletters with a variety of...

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...

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....

Here is a simple tutorial on the difference between simple and compound interest. In it, Sal describes interest and defines the vocabulary of principle and interest rate. He also models the amount of money owed under the different...

Another example of simple interest and compound interest (compounded yearly) is explored in this video.

Interest can be both a best friend and an enemy...show your learners how it can manifest through this set of 10 word problems. For each, they calculate time, principle, interest, or rate and choose an answer from multiple choice...

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.

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.

Scholars learn to solve compound interest word problems with the help of a short video. Then, they apply their new skills to practice problems on a provided worksheet.