Please click on the preview to get an idea of what this resource includes. This is a great activity to do with your students if you just finished teaching simple interest. My students absolutely LOVE this activity and we have the BEST conversations. I truly feel it is one of the times during the year where the math I teach starts to actually resonate with the students and for two whole class periods they are authentically engaged. (Because who doesn't love car shopping and dreaming!)
Students get to search for a car and calculate the interest, total payback, and monthly payments for two given bank loans. Students are also asked to calculate the sales tax on the car and then debrief with questions at the end which involves critical thinking. Additionally, there are two extensions at the end that are optional and include another bank loan along with a down payment.
If you don’t have devices to search for cars just print the vehicle listing, cut out, and pass out at the door as students come in for some random chance fun, or print off a class set of the listing and give to students to select. Another option that works well is if you do it as a guided whole class activity. You can stand at your computer and project the car search, select a car, and the whole class does the activity together with that selected car. If you do have devices and want to do this as a digital activity click here (this option is also editable).
The concept of "interest" and car buying isn't secluded to math and could be used in a variety of different classrooms and at different levels. Give it a try and let me know if your students love it as much as mine. And don't forget to follow my store for additional resources along with some freebies.