Title: 4.2: Simple and Compound Interest—Why It Is Great to Save (Lesson)
Course: Personal Finance - Sample Missouri Syllabus - for Canvas Upload > Section: Section 4.2: Interest on Savings

Description: Formulas for simple and compound interest, as well as the rule of 72, are explained and used to illustrate the benefit of saving in general and the benefit of saving early in particular.

- Go to https://www.stlouisfed.org/education/making-personal-finance-decisions-curriculum- unit (Making Personal Finance Decisions Curriculum Unit).
- Use “Lesson 6B: Simple and Compound Interest—Why It Is Great To Save” (pdf) and the accompanying PowerPoint slides for Lesson 6B.