Type:

E-book, Lesson Plan

Description:

How do banks calculate the amount of interest paid on a loan? In this lesson, students will view a Livescribe Pencast to learn how to find the dollar amount in interest that is due at maturity. This lesson uses different time periods such as days, months, and years in the calculation as well as varying interest rates.

Subjects:

  • Social Studies > General
  • Social Studies > Economics

Education Levels:

  • Grade 6
  • Grade 7
  • Grade 8
  • Grade 9
  • Grade 10
  • Grade 11
  • Grade 12

Keywords:

Interest - Interest Rate - Principal - Simple Interest

Language:

English

Access Privileges:

Members

License Deed:

Creative Commons Attribution Non-Commercial
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