Lesson Plan

How Credit Card Interest Works

Curated and Reviewed by Lesson Planet

Students experiment with an Excel spreadsheet model that demonstrates the effects of interest on payments. They calculate actual costs, interest paid, and time necessary to pay off credit purchases and draw conclusions about the difference in total interest cost that results from varying the monthly payment.

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Resource Details
Grade
10th - 12th
Subjects
Math
1 more...
Resource Type
Lesson Plans
Technology
Database & Spreadsheet