The Power of Compounding

The downside of loans: they must eventually be repaid with interest. Young mathematicians learn about compound interest in terms of home loans. They calculate the total amount borrowers must repay after several years of compound interest.

Many math concepts are covered through this resource: percentages, decimals, ratios, exponential functions, graphing, rounding, order of operations, estimation, and solving equations. Colorful worksheets and a link to a Google search for...

Young mathematicians put their skills to the test in the real world during this four-lesson consumer math unit. Whether they are learning how compound interest can make them millionaires, calculating the cost of remodeling their bedroom,...

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 money...

Learners compute and collect interest payments in the form of M&M candies. In this mathematics lesson, students work in small groups to compute either simple or compound interest. They compare the growth of their accounts after six...

Students examine the concepts of trade-offs and opportunity cost to decide between savings accounts with simple interest and those with compound interest. They calculate interest earned on account balances while working in groups and...

Middle schoolers need to learn how to make their money work for them. From engaging in the lesson presented here, they will gain an understanding of investment vocabulary, how compound interest works, and will compute simple and compound...

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...

Wouldn't your class members love to become millionaires? It doesn't happen overnight. Teach young entrepreneurs about personal finance and money management with a series of lessons focused on money math. Pupils learn about banking and...

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.