Lesson Plan

Compound Interest: Friend or Foe?

Students will understand compound interest and its dual role in finances, learning how it can work for and against them.

This lesson builds essential financial literacy, empowering students to understand and manage savings, loans, and the impact of compound interest in real-life scenarios.

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Time

Approach

Materials

Prep

Preparation

5 minutes

Step 1

Introduction to Compound Interest

5 minutes

Step 2

Examples and Discussion

15 minutes

Step 3

Wrap-Up and Q&A

5 minutes

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Slide Deck

Compound Interest: Friend or Foe?

Key Terms to Know

How Compound Interest Works

Compound Interest: Savings vs. Loans

Recap & Q&A

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Activity

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Compound Interest: Friend or Foe?

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Bryce Bjork

Tier 1
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