Objective
Students will be able to:
- Explain the value of compound interest.
In this personal finance activity, students will identify the purpose of compound interest and how it works to build savings.
Resources
Procedure
This activity is an individual activity where students watch a video and respond to a set of questions. Compound interest is one of the most important concepts when examining the ability to build savings. This activity will help you understand how to make more informed choices about your savings. To complete this activity, students need to follow the instructions below:
- Watch the video No-Frills Money Skills Episode 1.
- Respond to these questions with a Quizizz activity, worksheet, or ReadyAssessments Activity
- Once the questions are completed check the answer key.