Simple and Compound Interest

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Simple and Compound Interest
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Grade Levels
6th, 7th, 8th, 9th
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Students will be able to tell the difference between simple compound interest. With the same principal amount, they will be able to see which type of interest accumulates more than the other.
Students are expected to use the following formulas:
I=prt
A=P(1+r)^t

With compound interest you earn more interest, than just simple interest. The questions have them practicing to calculate the interest and the ending balance. Great notes to place in their math journal!
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Answer Key
Not Included
Teaching Duration
30 Minutes

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Simple and Compound Interest