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Simple Interest

Simple Interest

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

Financial Literacy Standards

9.3: Investing

12.2: Investors earn investment returns from price changes and annual cash flows (such as interest, dividends or rent). The nominal annual rate of return is the annual total dollar benefit as a percentage of the beginning price.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Simple Interest
12.2.a: Describe the different types of annual cash flows that can be received by investors.

12.4: Because inflation reduces purchasing power over time, the real return on a financial asset is lower than its nominal return.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Simple Interest
12.4.b: Explain the relationship between nominal and real returns.
12.4.c: Find the current rate paid on CDs at a bank and calculate the expected real rate after inflation.

9.4: Managing Credit

12.1: Borrowers can compare the cost of credit using the Annual Percentage Rate (APR) and other terms in the loan or credit card contract.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Simple Interest
12.1.b: Compare the cost of borrowing $1,000 using consumer credit options that differ in rates and fees.

12.5: Federal student loans have lower rates and more favorable repayment terms than private student loans, and may be subsidized.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Simple Interest
12.5.c: Estimate total interest on various student loans based on interest rates and repayment plans.