In a simple interest bank setup activity for Grade VII students, learners explored how banks calculate interest on savings and loans using a basic formula: Simple Interest = (Principal × Rate × Time) ÷ 100. Students took role-play as bankers and customers, using fake money to deposit savings or take out loans. Through this hands-on activity, they learn how interest is earned or paid over time without compounding. It helps them understand the value of saving money, how borrowing works, and how ba
1:01
In a simple interest bank setup activity for Grade VII students, learners explored how banks calculate interest on savings and loans using a basic formula: Simple Interest = (Principal × Rate × Time) ÷ 100. Students took role-play as bankers and customers, using fake money to deposit savings or take out loans. Through this hands-on activity, they learn how interest is earned or paid over time without compounding. It helps them understand the value of saving money, how borrowing works, and how ba
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