Financial Literacy: Compound Interest with Percent and Formula
About This Product
These high school financial literacy worksheets will show your students why compound interest is helpful for investors while also letting them practice math skills using percentages and a simple mathematic formula!
How to Use:
Print 4 pages for each student.
Page 1 teaches students how to calculate compound interest step by step.
Students need to have a basic understanding of writing percentages in decimal form and multiplying to find the percent of a number.
Next, students will be given their initial investment amount & a yearly interest rate.
Each student in your class can be given different values so they have to do their own unique calculations, and to allow comparisons to be made.
This provides for easy differentiation as well- you can choose what percentage interest rate each student gets based on their ability.
Students will calculate the amount of compound interest they earn over ten years.
They can then check their calculations using the compound interest formula that is included.
Next, they can use the formula to calculate compound interest over longer periods of time.
Your class can compare their results- leading to an interesting class discussion (prompt questions are included).
Make sure to point out how compound interest is helpful for investing and saving and detrimental for borrowing money.
Finally, students reflect on their learning by writing a paragraph after the lesson. Hopefully they will leave class wanting to start a saving account!
Grades to Use With:
This compound interest lesson with worksheets is designed for high school students in grades 8 through 12. It could be used in math, applied math, financial literacy, or consumer math classes.
What's Included: 6 pages in PDF format: Ready to Print and Use!
Title Page
Instructions for Calculating Compound Interest
2-Page Worksheet
Reflection Paragraph
Sample Answer Key
Also check out my Financial Literacy Interest Rates: Lending and Borrowing Money Lesson!
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