Did you know that when you open a bank account, the bank gives you free money for keeping your savings there? That extra money is called interest, and in this BrainPOP movie, Tim and Moby show you exactly how it works. You’ll learn how interest can be calculated on a yearly, monthly, or even daily basis, and how the interest you accumulate is proportional to how much money you have in the bank. You’ll also learn the differences between simple interest and compound interest, and how to calculate each. So open an account with the First National Bank of Moby and find out everything you ever wanted to know about interest!
In this Federal Funds lesson plan, which is adaptable for grades 6-12, students use an economic simulation to explore the influence of the Fed on the United State's economy. See more »
In this lesson plan on using credit responsibly, which is adaptable for grades 6-12, students use BrainPOP resources to identify the basic parts of a credit card and how personal information is encoded. Students will explain how credit systems work and the hidden costs of credit (including late fees and annual percentage rates). They’ll also evaluate the advantages and disadvantages of using credit cards, propose strategies for using credit cards wisely, and formulate a personal philosophy toward buying things on credit. See more »
In this lesson plan which is adaptable for grades 4-8, students use BrainPOP resources to define and give examples of a ratio, proportion, and percent. Students then solve word problems and equations to find ratios, proportions and percents. See more »