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Simple Interest

Simple Interest

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Here's how Simple Interest aligns with curriculum standards in West Virginia. Use the filters to change the location, set of standards, and grade level.

II: Group II - Personal Finance

SPECIFIC EVALUATION CRIT.: SPECIFIC EVALUATION CRIT.

3: Banking

Standards
Defined by WV SPECIFIC EVALUATION CRITERIA 8th-12th Grades and align with Simple Interest
1451.3.9: Explain the time value of money.

5: Credit

Standards
Defined by WV SPECIFIC EVALUATION CRITERIA 8th-12th Grades and align with Simple Interest
1451.5.7: Calculate how much an auto loan will cost given special offers as well as standard factors such as down payment, APR, and term.
1451.5.9: Enumerate the components of a credit report, how long each data type is retained, what type of organizations can review credit reports (e.g., landlords, banks, employers, insurance, cell phone, etc.), and how one’s credit score can impact a person’s finances and life.

6: Savings, Investing, and Risks

Standards
Defined by WV SPECIFIC EVALUATION CRITERIA 8th-12th Grades and align with Simple Interest
1451.6.9: Find the current rate paid on CDs at a bank and calculate the expected real rate after inflation.