Explain how interest rates can impact savings, investments, and the cost of borrowing to pay for goods and services over time
30 tutor-authored questions for this Ontario curriculum expectation, ordered easiest to hardest, every one with a full worked solution. Work through all 30 with your weekly-lesson access code.
Sample: the first question, solved
A savings account earns 3% annual interest. How much would $500 earn in one year?
📘 Worked solution
✓500×0.03 = $15.
And one from the hard end
"A person has a $3000 credit card balance at 19% interest, and is deciding whether to pay it off or invest the $3000 at a 7% average return instead. Which option saves or earns more over one year?"
Solution shown after you try it in practice mode.
Work through all 30, easiest to hardest
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