Introduction
F-LE.1a- Distinguish between situations that can be modeled with linear functions and with exponential functions. * a. Prove that linear functions grow by equal differences over equal intervals and that exponential functions grow by equal factors over equal intervals.
A student should understand: How to distinguish between constant differences (linear functions) and constant ratios (exponential functions) by recognizing constant growth patterns versus exponential growth patterns (e.g., compound interest versus simple interest).
Today we will work on a WebQuest assignment on how simple and compound interest are used in the business world. As you go through the website, think of ways you can use interest to help you in the future.
Task
For this assignment, you will investigate how important simple and compound interest are used in the real world. You should write one takaway from each link to help you with your assignment at the end. By the end of this assignment, students will be able to list three ways that interest are used in the real world.
Process
To begin your process, you will go to the Khan academy basic business mathematics.
You will watch the video How to make your money grow (video) | Khan Academy
You will then read the article Simple vs. Compound Interest: What's the Difference? | The Motley Fool
The last article is How To Turn $100 a Week Into $1 Million With Compound Interest
In this article, you will learn ways to make money using compound interest, such as the compounding nature of the stock market.
Evaluation
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0 |
50 |
75 |
90 |
100 |
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The student did not list any ways that compound and simple interest are used in the real world |
The student listed one way that compound and simple interest are used in the real world |
The student listed two ways that compound and simple interest are used in the real world |
The students listed three ways that compound and simple interest are used in the real world |
The student listed three ways that compound and simple interest are used in the real world, along with using correct grammar. |
Conclusion
As you complete this WebQuest, think about the tremendous power and impact compounding and simple interest has on the real world. What are ways that you can use compound and simple interest today? What are ways that interest effects your parents?
Credits
Teacher Page
Target Leaners: Algebra One students
Unit: Functions