Rags to Riches or Riches to Rags?

This Rags to Riches or Riches to Rags? lesson plan also includes:

Say yes to invest in a dress. Pupils decide which investment to make so there will be enough money to buy a prom dress. They compare three different investment strategies with different compounding time frames. With the information gained, the scholars write an essay explaining each investment strategy and their suggestions on which one to use.

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CCSS: Designed
Instructional Ideas

  • Provide a quick review of the formulas for compounding interest and continuously compounding  interest
  • Challenge the class by updating the problem so that as the compounding rate goes up, the interest rate goes down
Classroom Considerations

  • Individuals should be familiar with evaluating exponential expressions
Pros

  • Incorporates writing in the math process
  • Contains links to general differentiation strategies
Cons

  • Contains no answer documents