Wednesday, August 17, 2011

Compound and Simple Interest & Your First Home

Compound and Simple Interest & Your First Home


 
This is a neat activity if you need to teach compound or simple interest. Bring in one of your local real estate books (or print real estate pics online) and have your students choose which house they would like to live in. Next, have them calculate the total amount they will pay over the course of 30 years using both formulas (if you are teaching younger students who need not yet learn compound interest it may still be in the interest of the teacher to calculate the same home using the compound interest formula)



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