Curated by
ACT
Using this interactive lesson, you'll calculate compound interest and compare interest rates. In addition to learning about interest, you will also be learning about taking out a mortgage on a home. Three activities with questions accompanying each activity give practice in calculating interest and understanding it.
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Concepts
Additional Tags
annual percentage rate, calculate compound interest, comparing interest rates, finance a home, financial decisions, financing, financing a home, home loan, house payment, interest on a savings account, monthly payment, mortgage process, payments, apr, tune in to learning: understanding interest, mortgage, savings account
Classroom Considerations
- Knovation Readability Score: 2 (1 low difficulty, 5 high difficulty)