Enrich your classroom today with dynamic, engaging activities! Create your free teacher account now.
Understanding Mortgage Loan Parameters
New Activity (No Ratings Yet)
- Grade Levels 7, 8, 9, 10
- Topics Home Loan
- Duration 20 Minutes
- Auto Scored? Yes
- Teacher Evaluation Needed? No
Activity Description
This activity is designed to provide students with hands-on experience in adjusting and analyzing critical variables related to home loans. During this exercise, students will use sliders to manipulate key parameters such as loan duration, principal amount, and more. Their task will be to record essential information, including monthly payments, total interest to be paid, and other relevant figures for each set of loan parameters they experiment with.
Teacher Tips
Included with the activity, you can view the tips to clarify student's doubts or to evaluate answers (for a teacher scored worksheet).
- Grade Levels 7, 8, 9, 10
- Topics Home Loan
- Duration 20 Minutes
- Auto Scored? Yes
- Teacher Evaluation Needed? No
More Activities You Might Like
$1.00 $10.00/Classroom
Home Loan Simulation
Students will be given a profile with total savings, monthly salary, etc. and then they have to choose the down payment, points to purchase, and the loan duration to purchase a house.
- Auto-Graded
FREE $10.00
Monthly Loan Payment Calculation
Students will learn to calculate Equated Monthly Installment (EMI) for a loan using the given formula. They will apply the formula to various loan scenarios, record their calculations, and answer questions to understand how different loan variables impact the EMI.
- Auto-Graded