Lesson Plan: Simple Interest Mathematics
This lesson plan includes the objectives, prerequisites, and exclusions of the lesson teaching students how to solve problems on simple interest.
Objectives
Students will be able to
- calculate simple interest as the percentage of an amount,
- calculate the amount of an investment after a given period of time by adding the capital and the amount of interest earned in the period of time,
- find the simple interest rate given the amount of simple interest after a given period of time.
Prerequisites
Students should already be familiar with
- calculating the percentage of an amount.
Exclusions
Students will not cover
- compound interest.
