Education Development Center
Tune in to Learning: Understanding Interest
Using this interactive lesson, you'll calculate compound interest and compare interest rates. In addition to learning about interest, you will also be learning about taking out a mortgage on a home. Three activities with questions...
Council for Economic Education
Econ Ed Link: Calculating Simple Interest
How do banks calculate the amount of interest paid on a loan? In this lesson, students will view a Livescribe Pencast to learn how to find the dollar amount in interest that is due at maturity. This lesson uses different time periods...
Alabama Learning Exchange
Alex: Are You Interest Ed?
In this instructional activity, students will explore simple interest through the use of studying loans and savings accounts. The students will generate the formula I=P x r x t to calculate simple interest on loans. Students will become...
Calculator Soup
Calculator Soup: Loan Calculator
Use this loan calculator to determine your monthly payment, interest rate, number of months or principal amount on a loan. Find your ideal payment by changing loan amount, interest rate and term and seeing the effect on payment amount.
Calculator Soup
Calculator Soup: Annuity on $1 Loan Table Creator
Create a printable table for the annuity (mortgage) payment (PMT) of a borrowed amount of $1.
Khan Academy
Khan Academy: What Is an Apr by Better Money Habits
You may have seen the term APR, or annual percentage rate, used in reference to everything from mortgages and auto loans to credit cards. In this piece, we look at credit card APRs which you've probably seen listed on your monthly...
Federal Reserve Bank
Federal Reserve Bank of Atlanta: Katrina's Classroom: Lesson 3: A Fresh Start
This lesson examines the benefits and importance of access to credit. Using hands-on learning strategies and internet resources, students will calculate simple interest, learn about different types of credit, evaluate a credit card...