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Interest Investigation -- Financial Literacy - 21st Century Math Project

Rated 4.85 out of 5, based on 123 reviews
4.9 (123 ratings)
;
Clark Creative Math
17.4k Followers
Grade Levels
6th - 10th, Homeschool
Subjects
Resource Type
Standards
Formats Included
  • Zip
  • Google Apps™
Pages
20 pages
$5.00
$5.00
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Clark Creative Math
17.4k Followers
Includes Google Apps™
The Teacher-Author indicated this resource includes assets from Google Workspace (e.g. docs, slides, etc.).

What educators are saying

I loved this resource! My students don’t love math in general, but it was extremely useful and really helpful for lessons
My students really enjoyed this and it served as a great way for me to differentiate groups of students who were at different levels. I just assigned the appropriate task for each leveled group.
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Description

Compound interest is perhaps the most powerful force in the universe so it is important for students to understand it! In this 21st Century Math Project, students will practice problems built around savings account, certificates of deposits, loans and credit cards.

To end the unit, students put on their hat as a financial advisor and help four characters navigate their personal finance needs. Students will use the skills of percents and exponents through a series of word problem applications.

In this 20 page document you will be given a mapping to the Content Standards, an outline for how to implement the project, handout resources for students to use, and an answer key. ***THIS PRODUCT HAS BEEN UPDATED WITH A GOOGLE SLIDES INTERACTIVE VERSION INCLUDED. REDOWNLOAD IF YOU HAVE IT ALREADY***


In all it is four different assignments --

-- In “Interesting Interest” students will complete problems involving interest on loans or savings accounts. The problems in these situations are simple interest problems with the formula I = Prt

-- In “To Buy… Or Not to Buy” students will complete simple interest application questions where they have to help a buyer decide whether they should buy something or not. Many of these problems will also reinforce basic operations.

-- In “The Money Tree” students will begin problems with the Compound Interest Formula.

-- In “Financial Advisor” students will wear the hat of a financial advisor and determine plans tailored to an individual needs. These problems can be done by hand or in a computer lab with Microsoft Excel.

You may be interested in the following discounted bundles. SAVE $$$!

21st Century Math Projects -- All the Projects

Need an Entire Curriculum?

21st Century Pre-Algebra –- the Entire Curriculum

21st Century Algebra –- the Entire Curriculum

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Total Pages
20 pages
Answer Key
Included
Teaching Duration
4 days
Last updated Dec 18th, 2017
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Standards

to see state-specific standards (only available in the US).
Write and evaluate numerical expressions involving whole-number exponents.
Write, read, and evaluate expressions in which letters stand for numbers.
Evaluate expressions at specific values of their variables. Include expressions that arise from formulas used in real-world problems. Perform arithmetic operations, including those involving whole-number exponents, in the conventional order when there are no parentheses to specify a particular order (Order of Operations). For example, use the formulas V = s³ and A = 6 s² to find the volume and surface area of a cube with sides of length s = 1/2.
Solve multi-step real-life and mathematical problems posed with positive and negative rational numbers in any form (whole numbers, fractions, and decimals), using tools strategically. Apply properties of operations to calculate with numbers in any form; convert between forms as appropriate; and assess the reasonableness of answers using mental computation and estimation strategies. For example: If a woman making $25 an hour gets a 10% raise, she will make an additional 1/10 of her salary an hour, or $2.50, for a new salary of $27.50. If you want to place a towel bar 9 3/4 inches long in the center of a door that is 27 1/2 inches wide, you will need to place the bar about 9 inches from each edge; this estimate can be used as a check on the exact computation.
Use variables to represent quantities in a real-world or mathematical problem, and construct simple equations and inequalities to solve problems by reasoning about the quantities.

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