Curated OER
Compounding with 100% Interest Rates
Your young economists will be amazed at the effect of compounding interest more frequently in this collaborative task about making sound financial choices. Learners are walked through the calculations of a couple of examples and then...
Curated OER
A Valuable Quarter
Your young bankers model an account balance with an exponential function and solve the equation by extracting a root or taking a logarithm. The task involves the context of annual and compounding interest as well as some interesting...
Curated OER
Compounding with a 5% Interest Rate
The balance in an account continuously compounding interest is the context of this engaging task. Your young accountants will investigate the ending balance in an account as they compound the interest more and more. Learners write the...
Curated OER
The Power of Compounding
Sixth graders examine the concept of compounding interest on invested money. They explore how much interest their money would earn through compounded interest. Students conclude that they should invest early and often.
National Council of Teachers of Mathematics
The Math Forum: Ask Dr. Math: Interest: Definitions
This site gives an explanation of compound interest and explains how to use it.
Other
Financial Pipeline: Interest Compounding
This page gives a summary of compounding interest and distinguishes it from simple interest.
Calculator Soup
Calculator Soup: Savings Calculator
Calculates the future value of your savings account. With a starting balance and regular deposits, learn how much can you save.