Introduction to Earning Interest: Grades 9-10

This Introduction to Earning Interest: Grades 9-10 lesson plan also includes:

Does your bank pay you for allowing them to hold your money? The instructional activity covers three different ways your money can make money. Topics include certificates of deposit, statement savings accounts, and money market accounts.

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CCSS: Adaptable
Instructional Ideas

  • After the lesson, introduce students to bankrate.com and its interest calculators
  • Challenge pupils to figure out how much they would need to invest at age 18 at 3% APR in order to have one million dollars by age 70
Classroom Considerations

  • Requires prior knowledge of applying formulas and rounding
Pros

  • Lesson includes guided practice, independent practice, and answer keys
  • Provides instruction on how to solve each type by hand and with a formula
  • Presents vocabulary in a clear way
Cons

  • None