Banking Your Money

Did you know that money can grow?

Well, it's true. In this activity, you'll learn about financial interest—which is what makes money grow—and how to calculate it.

You’ll learn about ‘principal’ and ‘interest,’ and use real-life scenarios to demonstrate how interest is calculated using the equations I = P(1 + rt) and A = P(1 + r/n)^nt.

Overview

Grades 7-12

30 min

Topics

Personal Finance

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Brought to you by the University of Nebraska-Lincoln 4-H Extension. Funding support provided by Charles Schwab Foundation and its Founder. No endorsement by 4-H is implied or intended. 4-H is the youth development program for our nation’s cooperative extension system.

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