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Interactive

APR and APY: APR vs. APY

Curated and Reviewed by Lesson Planet
This APR and APY: APR vs. APY interactive also includes:

Who wins the battle of the interest rates? Scholars use an interactive to investigate three different bank rates. Comparing APR and APY lets them see how nominal and effective rates differ.

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Concepts
interest, interest rates, compound interest
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Additional Tags
math
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Instructional Ideas
  • Apply the open discussion question as a think-pair-share prompt
Classroom Considerations
  • Requires a free CK-12 account to access the interactive
  • Learners should have experience with interest rates and exponential functions
Pros
  • Directions are clear, so interactive is easy to use
  • Answers to review questions are available in a separate PDF file
Cons
  • None