Interest

Interest

Article • 15 min of learning

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

Standards
Defined by Jump$tart National Standards in 2022 8th Grade and align with Interest
8-4a: Differentiate between principal and interest.
8-5a: Explain the benefit of compound interest as compared with simple interest.
8-4b: Demonstrate how earning a higher interest rate on money in a savings account will help a person to reach their savings goal sooner.
8-5b: Demonstrate how annual interest earned increases over time when both the original principal and earned interest are left in a savings account.
8-4c: Use the Rule of 72 to approximate how many years it will take for savings to double in value at different rates of interest.