Description

These financial literacy banking lessons will teach students about the differences between simple interest and compound interest, as well as Annual Percentage Yield (APY). They’ll learn how interest can grow their savings and learn how to calculate and estimate interest using formulas.

Google Slides, Guided Notes, Practice Activities, and a Bingo Game are included! These lessons will take approximately 5 one-hour class periods to complete. (May be less if you choose to assign the practice activities as homework.)

This lesson includes:

• Part 1: Simple vs Compound Interest & APY
  • Students will learn the difference between simple and compound interest, as well as how to use APY to estimate compound interest over one year. Students will learn how to calculate simple interest using the formula.
  • Students will learn how interest can grow their savings over time.
  • Includes Google Slides, Guided Notes, and a self-checking Practice Maze worksheet.

• Part 2: Calculating Compound Interest
  • Students will learn how to calculate compound interest using the formula.
  • Includes Google Slides, Guided Notes, and a self-checking Practice Circuit worksheet.

• Interest Bingo Game
  • Students will practice calculating simple interest, compound interest using APY, and compound interest using the formula.
  • Includes 30 questions on Google Slides with solutions, and 40 unique half-sheet bingo cards.

These lessons are focused on interest as it applies to growing money in a bank account. If you’re looking for lessons that teach students how interest can accrue when money is owed, check out these credit card resources.

*The Slides in this resource are not editable.*