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The Economics of Interest Rates

Students examine the role interest plays in daily spending and saving decisions. They identify interest rates for various savings plans and loans. They visit a bank Website to survey banking terms and products. Students calculate how long it would take to pay off a $2,000 loan on a credit card charging 18.5% APR and role-play as newspape columnists answering consumer questions.

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Resource Details

Grade
9th - 12th
Subjects
Social Studies & History
1 more...
Resource Type
Lesson Plans
Duration
1 hr
Instructional Strategy
Simulation
Included Materials
  • Project