Description
How much interest would you pay over a lifetime of credit card debt if you only made the minimum payment? How much money would you earn if that money was put into the stock market instead? Students will answer these questions in "Real Life Math! Calculating Interest."
Teach your students relevant math skills - calculating interest! Students will use Algebra skills and tech skills, creating equations and using Google Sheets to make long term calculations. This is a great lesson for classes that can teach life skills, as well as core math classes! Keep your students engaged with relevant content while teaching them the skills you want them to know.
Find this lesson bundled into Basics of Banking and Credit - Lesson 2 A Dive into Credit on the Inverted Educator Webpage if you want to extend this lesson. Estimated time to complete is 2-3 days; you can possibly make this a week long lesson if you work on the challenge problems! You will receive a PDF download that contains forced-copy links for the Instructions, Student Work Sheet, and Student Slides that will populate right into your own google drive!
Highlights
Description
How much interest would you pay over a lifetime of credit card debt if you only made the minimum payment? How much money would you earn if that money was put into the stock market instead? Students will answer these questions in "Real Life Math! Calculating Interest."
Teach your students relevant math skills - calculating interest! Students will use Algebra skills and tech skills, creating equations and using Google Sheets to make long term calculations. This is a great lesson for classes that can teach life skills, as well as core math classes! Keep your students engaged with relevant content while teaching them the skills you want them to know.
Find this lesson bundled into Basics of Banking and Credit - Lesson 2 A Dive into Credit on the Inverted Educator Webpage if you want to extend this lesson. Estimated time to complete is 2-3 days; you can possibly make this a week long lesson if you work on the challenge problems! You will receive a PDF download that contains forced-copy links for the Instructions, Student Work Sheet, and Student Slides that will populate right into your own google drive!

