Credit Card Compounding

Students explore how to calculate and compare account balances with interest rates that compound at different intervals.

By Amplify Classroom

Grades: 9th - 12th Grade

Subject: Math

Learning goals: Today’s Goals • Calculate account balances given an initial amount, annual interest rate, compounding interval, and period of time. • Interpret exponential expressions that represent annual interest rates with different compounding intervals (semi- annually, quarterly, monthly). (Reading, Writing, Speaking, and Listening)