Simple Interest Activity (Buying a Car)

Students will LOVE this activity!!! Students are going to determine the cost of buying a car. Students will calculate the interest and balance of 3 cars. They will be given information on 2 banks. Students will decide which 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 payment and write a check to the car dealership. Lastly, students will fill out a used car contract.

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