Compounding Interest: Advanced Lesson

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In this lesson plan, students will learn all about compound interest. They will learn how to solve unit rate problems using compound interest, and they’ll use a compound interest algorithm to solve problems. With this lesson plan, your students will be armed with the knowledge they need to navigate the world of compound interest.

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Description

Welcome to the world of compound interest! In this lesson, we’ll be moving beyond simple interest and exploring the concept of compound interest. With compound interest, your money starts to work for you, and you can see greater rewards by waiting and saving.

With the compound interest formula, you can use exponents, fractions, and grouping symbols to calculate how much your money will grow. And through a hands-on demonstration, you’ll see how compound interest can have a major impact over time. This is a great lesson that’s sure to get you excited about saving!

Additional information

grade-level

6th Grade

subject

Advanced, Math

State Educational Standards

LB.MATH.CONTENT.6.RP.A.3.B, LB.MATH.CONTENT.6.EE.C.9

Lessons are aligned to meet the education objectives and goals of most states. For more information on your state objectives, contact your local Board of Education or Department of Education in your state.