Middle School Course
5.5 The Power of Compound Interest
APPROXIMATE TIME: 60 MINUTES
TEACHER FACING SLIDES
ASSESSMENTS & GRADING
Please do NOT include any NGPF assessments or answer keys in your Nearpod lessons.
Each NGPF lesson ends with an Exit Ticket which NGPF recommends for grading.
IMPORTANT
GRADING TIP
CUSTOMIZE IT!
Please review the Nearpod slides and customize the content and activities based on your teaching environment using Google Slides and/or Nearpod.
Delete teacher facing slides before facilitating lesson to your students!
FACILITATION
Make sure you have the lesson guide available when you are facilitating (for time management, organization of lesson) and the answer key available when you are grading.
If a resource or activity in a lesson was not transferable to Nearpod there will be a teacher facing slide making you aware.
The Power of Compound Interest
JUMP$TART STANDARDS
Saving
LESSON SKILLS
MATH SKILLS
ELA SKILLS
INTRO
LEARN IT
ARTICLE: What is Simple Interest?
How does that “Would You Rather” challenge work mathematically? It all comes down to a concept called interest. You’ll learn about two types of interest in this lesson: simple interest and compound interest. Read the article to learn about how simple interest works. Then, answer the questions.
VIDEO: What is Compound Interest?
Now that you understand how interest works and how to calculate simple interest, let’s explore another type of interest - compound interest. Watch the video to learn about the power of compound interest. Then, answer the questions.
DO IT
MATH: Simple vs. Compound Interest
Based on your previous answer, you might think that compound interest doesn’t make a huge difference...but not so fast! Here’s how you can let compound interest work its magic - give your money TIME to grow! Let’s now explore how time makes all the difference when using compound interest.
EXIT TICKET