See all 9th-12th Grades Standards
Interest

Interest

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

Standards
Defined by Personal Financial Literacy 9th-12th Grades and align with Interest
HSS.ECON.T1.5: Predict how interest rates act as an incentive for savers and borrowers.
HSS.PFL.T3.1: Recognize that a credit card purchase is a type of loan from the financial institution that issued the credit card, that financial institutions may charge a fee for credit card use, and that credit card interest rates tend to be higher than those for other types of loans.
HSS.PFL.T2.2: Explain the relationship between principal (the initial amount of money deposited in a bank by a person), interest (the amount earned from a bank, usually annually), and compound interest (interest earned on the principal and the interest already earned).
HSS.PFL.T2.3: Explain the difference between the real interest rate of return on savings (adjusted for inflation) and the nominal interest rate.