Episode 12 of 60 · Financial Literacy: Cash Course
Simple vs. Compound Interest
Grades 6th+
Financial Literacy — Economics & Financial Literacy · Captions
About This Video
Interest is where money is really made (or lost) when investing or borrowing. Since there is more than one type of interest, how do you know which should be used in different situations? Give youth and young adults a great foundation for understanding how to make the most of simple and compound interest with this episode of Cash Course.
Standards Met in Ohio
- EFL.9-12.18.aGrades 9th, 10th, 11th, 12thIdentify purposes of saving or investing.
- EFL.9-12.20.lp.hGrades 9th, 10th, 11th, 12thEngage with images of credit cards.
- EFL.9-12.21.lp.mGrades 9th, 10th, 11th, 12thIdentify credit as having possible interest costs when used.
- EFL.9-12.21.lp.qGrades 9th, 10th, 11th, 12thEngage with representations of credit cards.