Show the students the slides. Review the terms for interest, simple interest, and compound interest and explain that interest can be compounded over different lengths of time. Then, explain the simple and compound interest equations and walk through the steps to calculate. Have students use the formulas to solve the problems. Use the answer key to guide their work.
Are you ready for the Challenge? Register your team
The National Personal Finance Competition is now OPEN. Form your team(s) of 3-4 high school students and sign up for your state competition today.