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Banking Data Crunch

MATH: Two Ways to Double Your Savings

In this activity, students will be able to:

  • Calculate how long it takes to double a savings balance using logarithms and the Rule of 72
  • Input values into the compound interest equation
  • Use logarithms to solve for a variable in an exponent
  • Apply the change of base rule for logarithms


Source: NGPF

MATH: Compound Interest in Savings Accounts

In this activity, students will be able to:

  • Use the compound interest formula to evaluate how savings balances will grow over time
  • Explore exponential growth


Source: NGPF

MATH: Box and Whisker Plots for Banking Fees

In this activity, students will be able to:

  • Plot sample banking fees using a box-and-whisker plot
  • Analyze the interquartile ranges of a data set


Source: NGPF

DATA CRUNCH: How do Consumers Use Mobile Banking?

In this activity, students will be able to:

  • Analyze survey data on the importance of different mobile banking features


Source: Cornerstone Advisors

DATA CRUNCH: How Would Americans Cover a $400 Emergency?

In this activity, students will be able to:

  • Analyze a bar graph of the percentage of people who would cover an emergency expense using different payment methods


Source: The Federal Reserve

DATA CRUNCH: What Is the U.S. Savings Rate?

In this activity, students will be able to:

  • Analyze a line graph of the saving rate over time


Source: US Bureau of Economic Analysis

DATA CRUNCH: How Do We Pay For Stuff?

In this activity, students will be able to:

  • Analyze stacked bar graphs
  • Compare the use of different payment methods over a number of years


      Source: Federal Reserve Bank of San Francisco
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