In Whose Best Interest is Interest?

Students will use simple interest to explore real world examples of interest rates. Students will explore loan rates, CD rates and compare benefits of different rates versus different terms of loans.
Resource ID#: 32884 Type: Lesson Plan
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General Information

Subject(s): Mathematics, Social Studies
Grade Level(s): 8
Intended Audience: Educators educators
Suggested Technology: Document Camera, Computer for Presenter, Internet Connection, Basic Calculators, LCD Projector, Microsoft Office
Instructional Time: 1 Hour(s) 30 Minute(s)
Resource supports reading in content area:Yes
Freely Available: Yes
Keywords: interest, simple interest, principal, rate, time, loans, monthly payment, CD, certificate of deposit, financial literacy
Instructional Component Type(s): Lesson Plan,  Worksheet
Instructional Design Framework(s): Direct Instruction, Confirmation Inquiry (Level 1), Cooperative Learning
Resource Collection: CPALMS Lesson Plan Development Initiative

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