On top of learning about how credit cards and mortgages work, it is crucial to help students understand what they could be charged should they break the outlined conditions (fail to pay the credit card balance on time, prepay or break the mortgage, etc).

The following online whiteboard activity will engage your students in calculating their credit card interest amount and deciding what formula would result in a lesser mortgage break penalty.

The activity in interactive, students can post their solutions on sticky notes or write using a pen tool. They can upload their solutions as images.

The activity could be assigned individually or students can work as a group. Students’ progress can be monitored in real time.

Check out other Whiteboard Templates

Try our free Interactive Math Quizzes

Visit IntoMath Financial Literacy Section for Lessons