Simple Interest

An interest-ing instructional activity helps young financial wizards determine the amount of money earned via interest. The resource introduces the concept of simple interest to show how money can grow. Pupils use their knowledge of percents to solve simple interest problems using the formula. 

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CCSS: Designed
Additional Tags
Instructional Ideas
  • Invite an accountant to talk to the class about the different ways interest is calculated; be sure to concentrate on simple interest
Classroom Considerations
  • The class should know how to solve simple percent problems
  • Classmates need to be able to graph on the coordinate plane
  • 10th in a 20-part series
Pros
  • Contains a timed activity to assist with fluency
  • Includes suggestions for struggling individuals
Cons
  • None
Common Core