Simple Interest Activity

Students will LOVE this activity!!! Students are going to determine the cost of buying a car. Students will calculate the interest and balance of six cars. They will be given information on four banks. Students will decide what car they want to purchase and choose the bank that gives them the best deal.

After students determine which car they want to purchase, they will need to calculate the monthly costs. Lastly, students will fill out a car loan application and a used car contract.

Total Pages: 9
Answer Key: Included
Document File: PDF