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TEACHING AND LEARNING INTEREST  - MONEY WORKSHEET  - LESSON PLAN

INTEREST RATES

 

INTRODUCTION TO EARNING INTEREST WORKSHEET

click to go to worksheet

 

A worksheet lesson introducing students to earning interest.

 

LESSON LEARNED

 

Interest introduction.

How banks pay interest as a payment for a deposit.

 

OTHER SKILLS REINFORCED

Math - Addition

Multiplication

Percentages

 

SUGGESTED

GRADE LEVELS

 

4+

Worksheet is customizable for multiple levels.

 

 

Suggested Money Lesson Plan for this Worksheet

 

Give students a lesson on interest and bank savings accounts. Explain why people deposit money at banks and other financial institutions.

Saving money at a bank or other institution that takes deposits allows you to store your money with someone else.  The money that you earn for doing this is called Interest.  Interest is a percentage of the amount you have on deposit that you get on an annual, monthly or quarterly basis, as a payment for allowing them to hold your money, and use it to lend to others.  The more money you deposit, and the longer you keep the money deposited, the more interest you will earn, and the larger your account balance will grow.

 

WORKSHEET Instructions

 

This worksheet is an introduction to earning interest.  Students need to fill in the table with the missing values for each of the years.  Also answer the question at the end of the table.

 

This is a random worksheet. You may choose a standard worksheet or customize the worksheet to your teaching needs.

 

To customize the worksheet, you have several choices (see below).  You may customize this worksheet with the names of your students, or use random names, or mix student names with random names.

Make your selections, then press "Get Worksheet."

 

 

WORKSHEET

 

STANDARD WORKSHEET

 

 

CUSTOM WORKSHEET

This worksheet may be customized with the following settings. Either

select the box for random numbers, or unselect that box and

enter your own values.  Keep in mind that the worksheet will

generate a table for each month necessary to bring

the credit card balance down to zero, so keep that in mind

when choosing the monthly minimum payment.

 

Make any changes you wish, then press "Get Worksheet".

 

 

Number of Years

 

 

CHOOSE EITHER

 

Random Numbers 

 

OR

 

Beginning Balance:       $

 

Annual Interest rate:         %

 

 

NAME LIST

You may personalize this worksheet with your students names by listing them in the box below.  Each name must be on a separate line. You may also cut and paste a name list from another application.

 

Name List (optional)

 

 

 

Mix with random Names?

If you enter names above, then selecting this box

will mix these names with random names.

 

 

Include answers? 

NOTE: Answers appear on a separate page when printed.

 

 

 

Note - requires Full Membership

 

 

 

Go back to worksheet info

 

 

 
 

 

SUGGESTIONS/COMMENTS
 
 
 

 

 

 

You may come back to these worksheet links more than once if your

students are having trouble mastering this concept, since

these are RANDOM worksheets. Every time you choose the

link (or press "refresh" on your browser) a NEW worksheet will be generated.

 

Introduction to Earning Interest

 

 

 

 

More Bank Savings Accounts and Earning Interest Lessons and Worksheets

 

 

 

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