Credit Cards

Teach adolescents to use credit responsibly. The 32nd installment of a 35-part module covers how to calculate credit card payments using a geometric series. It teaches terminology and concepts necessary to understand credit card debt.

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CCSS: Designed
Additional Tags
Instructional Ideas
  • Have the class research APRs on credit cards
  • Consider using spreadsheets to calculate payments
Classroom Considerations
  • Lesson builds on formulas from previous lessons; be sure pupils are comfortable with these formulas
Pros
  • Lesson covers an important financial literacy topic
  • Teacher resource includes step-by-step explanations for all problems
Cons
  • None