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Interest

Interest

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Here's how Interest aligns with curriculum standards in Mississippi. Use the filters to change the location, set of standards, and grade level.

Mississippi Personal Finance Standards (2022)

6: Saving and Investing

6.2: Analyze and apply concepts about simple and compound interest. DOK2

Standards
Defined by Personal Finance 9th-12th Grades and align with Interest
a: Compare and contrast simple and compound interest and the impact each have on savings.
b: Analyze the power of compounding and the importance of starting early in implementing a plan for savings and investing.
c: Calculate and apply the Rule of 72.

7: Using Credit

7.2: Research, discuss, and apply principles about loans. DOK2

Standards
Defined by Personal Finance 9th-12th Grades and align with Interest
a: Define interest as a cost of credit and explain why it is charged.
b: Explain how the amount of principal, the period of the loan, and the interest rate affect the amount of interest charged.