Standard #: SS.8.FL.3.5


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Identify principal as the initial amount of money upon which interest is paid.


Remarks


Differentiate between principal and interest.

Related Courses

Course Number1111 Course Title222
2104060: M/J Introduction to Personal Financial Literacy (Specifically in versions: 2019 - 2022, 2022 - 2023, 2023 - 2024, 2024 and beyond (current))


Related Access Points

Access Point Number Access Point Title
SS.8.FL.3.AP.5 Identify principle as the initial amount of money upon which interest is paid.


Related Resources

Lesson Plans

Name Description
Simple Interest vs. Compound Interest

Students will analyze and manipulate a spreadsheet to explore simple interest and compound interest, in this lesson plan.

Comparing Simple Interest and Compound Interest

Students will analyze and manipulate a spreadsheet to compare the effects of simple interest and compound interest when borrowing or saving money, in this lesson plan.

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.

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