Financial Literacy and Real World Modeling · Applications
Interest and Credit
A basic introduction to how money grows over time and the costs associated with borrowing.
Key Questions
- 1Why do lenders charge interest on the money they provide?
- 2How can small differences in interest rates affect the total amount paid over time?
- 3What is the difference between simple interest and the general concept of debt?
Ontario Curriculum Expectations
ON: Financial Literacy - Grade 6
Grade: Grade 6
Subject: Mathematics
Unit: Financial Literacy and Real World Modeling
Period: Applications
Suggested Methodologies
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