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Grade 9-12
,
Lesson

Compound Interest

Time: 60 mins,
Updated: January 13 2022,
Author: Jeff Sanson, Sharra Jones
Teacher Version
Objective Standards Summary
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Objective

Students will be able to:

  • Calculate simple and compound interest.
  • Explain factors affecting the amount of interest earned on savings accounts.

Standards

National Standards in Economics

National Standards in Financial Literacy

State Standards

Concepts

Interest, Saving

In this personal finance lesson, students will compare simple and compound interest on savings.

Subjects:
Personal Finance

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