Loan Activity
- Grades
- Grades 3–12, Elementary, Middle School, High School
- Pages
- 1
- File type
- Preparation
- Print ready
- Subject
- Life Studies, Finance, Business, Home Economics
- Topic
- Loan Activity, Loan
- Resource types
- Activities
- Preparation
- Print ready
About this resource
What's inside this resource
Activity Introduction
An amazing activity designed for the students to learn more about STEM subjects.
Loan
Do you like to learn more about financial matters? what is your favorite subject?
Do you like to be an entrepreneur someday? If yes, who is your favourite entrepreneur? What your business will be about?
Have you ever tried to calculate your monthly spendings? If yes, tell us more about it.
Have you ever seen a grownup using a credit card to making a money transaction online? If yes, do you think it is safe?
Mathematics is a marvelous subject. Let' sharpen our brains and solve some equations in our daily life.
What are the different types of bank cards? Can you tell what is the job of every type?
Using credit cards online is a little bit tricky. What do you think?
Have you ever read about investments? If yes, tell us more about it.
The activity is perfect for encouraging the researching skills for the students, while learning more about this topic.
Loan
This friendly designed worksheet is suitable for students at school, homeschooling, and as a group activity.
Instructions
Calculate the money you would return after 10 months if your interest rate was 2% from January to April, 3.5% from May to July, and 4.2% from August to October.
Format
Available in a PDF format.
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In the classroom
Teaching tips & learning objectives
Learning objectives
- Calculate interest on a loan at a given percentage rate
- Apply changing interest rates across set months
Teaching tips
- A calculator keeps the focus on applying the rate changes rather than on long multiplication.
Skills covered
- Percent calculation — applying monthly interest rates to a borrowed amount
- Table completion — recording each month's total in the loan table
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Resource details
Concepts & topics
Core concepts
Core concepts
- Loans
- Interest rate
- Percent
- Personal finance
Topics
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