Simple and Compound Interest
Number: MA.912.F.1
Title: Simple and Compound Interest
Type:
Standard
Subject: X-Mathematics (former standards - 2008) - Archived
Grade: 912
Body of Knowledge: Financial Literacy
Related Benchmarks
This cluster includes the following benchmarks
| Code |
Description |
| MA.912.F.1.1: | Explain the difference between simple and compound interest. |
| MA.912.F.1.2: | Solve problems involving compound interest. |
| MA.912.F.1.3: | Demonstrate the relationship between simple interest and linear growth.
|
| MA.912.F.1.4: | Demonstrate the relationship between compound interest and exponential growth.
|
Related Access Points
This cluster includes the following access points.
Independent
| Access Point Number |
Access Point Title |
| MA.912.F.1.In.a: | Identify interest on a loan or credit card as money charged for borrowing money. |
| MA.912.F.1.In.b: | Identify interest on a savings account as money earned by keeping money in the account over time. |
| MA.912.F.1.In.c: | Add the amount of a loan and amount of interest charged to determine the total amount of money to be repaid. |
Supported
| Access Point Number |
Access Point Title |
| MA.912.F.1.Su.a: | Identify interest as extra money charged when borrowing money. |
| MA.912.F.1.Su.b: | Identify interest on a savings account as money earned by keeping money in the account. |
| MA.912.F.1.Su.c: | Identify interest rates used in real-world situations. |
Participatory
| Access Point Number |
Access Point Title |
| MA.912.F.1.Pa.a: | Recognize that some items cost more than others. |
