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.

Concepts

credit cards, borrowing, geometric series, financial literacy

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Additional Tags

math

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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

Common Core

HSA-SSE.B.4 HSF-IF.C.9 HSF-LE.B.5