Back To School! Create your free teacher account now.

Compound Interest Simulation

New Activity (No Ratings Yet)
image
  • Price per ClassroomFREE
  • Grade Levels 7, 8, 9, 10
  • Topics Numbers & Operations, CTE
  • Duration 10 Minutes
  • Auto Scored? Yes
  • Teacher Evaluation Needed? No

Activity Description

Students are presented with an interactive simulation that shows the effect of interest rate and loan duration on the compound interest calculated. The interest and principal portion of every payment is graphically represented. Students will be able to understand why taking a loan of a higher interest rate or taking a loan for longer duration is not good. Finally, students will answer some probing review questions.

image
  • PriceFREE
  • Grade Levels 7, 8, 9, 10
  • Topics Numbers & Operations, CTE
  • Duration 10 Minutes
  • Auto Scored? Yes
  • Teacher Evaluation Needed? No