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Simple and Compound Interest
General Information
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.
Related Access Points
This cluster includes the following access points.
Independent
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
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
MA.912.F.1.Pa.a
Recognize that some items cost more than others.
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