Simple Interest

$1.95

Our Simple Interest lesson plan teaches students about interest as it relates to money. Students learn how to calculate simple interest given the principle, rate, and time of a loan or purchase.

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Description

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.

 

Additional information

subject

Math

grade-level

5th Grade, 6th Grade

State Educational Standards

LB.Math.Content.6.RP.A.3.C (partial)