Our Simple Interest lesson plan introduces students to the concept of simple interest. Students are asked to work on creating their own interest rate scenario in order to help solidify their understanding of the concepts. Students are asked to work collaboratively and check each other’s work. Students research real-world borrowing promotions or offers in order to connect their understanding of the lesson to the real world.
At the end of the lesson, students will be able to calculate simple interest given the principal, rate, and time of a loan or purchase, as well as define each of the terms.
State Educational Standards: LB.Math.Content.6.RP.A.3.C (partial)