Tuesday, November 25, 2014

Compound Interests

All the kids have for tomorrow is to read 20 minutes and my Math class has pages 145 and 148 in their Math Boxes.

We had a fun discussion today regarding using a debit card, the interest that accumulates on you when you are careless with a credit card, and finally, the ideas of interest and compound interest in a savings account. They seemed pretty put off by the idea of what happens when you only pay back the minimum amount on your credit card statement. Let's hope this lesson sticks with them for a long time to come.

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