A new year has begun, time perhaps to turn over a new leaf and think about saving money. This very complete lesson plan helps students understand how interest on money works both in saving and borrowing. One interesting aspect of this lesson is the emphasis on an understanding of how a bank works, why people use banks, and the reasons for comparing the services offered by different banks. There is practical use of addition, percentages, and writing about how the calculations can affect the bank customer’s decision on where to stash the cash.
courtesy of Knovation
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