Math at Work 11 Pacing Guide - This pacing guide replaces the previous yearly plan. It has been updated to reflect removed outcomes and provide flexibility for responsive instruction.
Math at Work 10 - 12 and related Math 7 - 9 Outcomes *Updated May 2024*
A01 - This is not an outcome that can be taught in isolation but must be integrated as a foundational concept within each of the units in the course.
N02 Students will be expected to solve problems that involve personal budgets. [CN, PS, R, T]
N02.01 Identify income and expenses that should be included in a personal budget.
N02.02 Explain considerations that must be made when developing a budget (e.g., prioritizing, recurring and unexpected expenses).
N02.03 Create a personal budget based on given income and expense data.
N02.04 Collect income and expense data and create a budget.
N02.05 Modify a budget to achieve a set of personal goals.
N02.06 Investigate and analyze, with or without technology, “what if …” questions related to personal budgets.
N03 Students will be expected to demonstrate an understanding of compound interest. [CN, ME, PS, T]
N03.01 Solve a problem that involves simple interest, given three of the four values in the formula I = Prt.
N03.02 Compare simple and compound interest and explain their relationship.
N03.03 Solve, using a formula, a contextual problem that involves compound interest.
N03.04 Explain, using examples, the effect of different compounding periods on calculations of compound interest.
N03.05 Estimate, using the Rule of 72, the time required for a given investment to double in value.
N04 Students will be expected to demonstrate an understanding of financial institution services used to access and manage finances. [C, CN, R, T]
N04.01 Describe the type of banking services available from various financial institutions, such as online services.
N04.02 Describe the types of accounts available at various financial institutions.
N04.03 Identify the type of account that best meets the needs for a given set of criteria.
N04.04 Identify and explain various automated teller machine (ATM) service charges.
N04.05 Describe the advantages and disadvantages of online banking.
N04.06 Describe the advantages and disadvantages of debit card purchases.
N04.07 Describe ways that ensure the security of personal and financial information (e.g., passwords, encryption, protection of personal identification number [PIN] and other personal identity information).
N05 Students will be expected to demonstrate an understanding of credit options, including credit cards and loans. [CN, ME, PS, R]
N05.01 Compare advantages and disadvantages of different types of credit options, including bank and store credit cards, personal loans, lines of credit, and overdraft.
N05.02 Make informed decisions and plans related to the use of credit, such as service charges, interest, payday loans, and sales promotions, and explain the reasoning.
N05.03 Describe strategies to use credit effectively, such as negotiating interest rates, planning payment timelines, reducing accumulated debt, and timing purchases.
N05.04 Compare credit card options from various companies and financial institutions.
N05.05 Solve a contextual problem that involves credit cards or loans.
N05.06 Solve a contextual problem that involves credit linked to sales promotions.
A01 Students will be expected to solve problems that require the manipulation and application of formulas related to: volume and capacity, surface area, slope and rate of change, simple interest, finance charges. [C, CN, PS, V]
A01.01 Solve a contextual problem involving the application of a formula that does not require manipulation.
A01.02 Solve a contextual problem involving the application of a formula that requires manipulation.
A01.03 Explain and verify why different forms of the same formula are equivalent.
A01.04 Describe, using examples, how a given formula is used in a trade or an occupation.
A01.05 Create and solve a contextual problem that involves a formula.
A01.06 Identify and correct errors in a solution to a problem that involves a formula.
Additional Resources and Activities for N02 (personal budgets):
Next Gen Personal Finance Budgeting - This site has a wide variety of lessons and activities for personal finance including a unit on budgeting.
Play The Bean Game - Students get a salary of 20 beans that they must distribute among different budget categories in the first round. In the second round, students are limited to only 13 beans. What things will students give up, what changes will students make to their budget? There are additional resources including a virtual version using Google Sheets and additional extensions described on the NGPF website.
Get Smarter About Money - Brought to you by the Ontario Securities Commission.
RBC Loan Calculator - Explore loan calculators and other tools to estimate your payments, see the cost savings of a particular borrowing strategy and more.
Additional Resources and Activities for N03 (simple and compound interest):
Compound Interest Practice - This handout introduces the idea of compound interest prior to jumping into the compound interest formula.
The Optimism of Ben Franklin - Introduce the compound interest formula with the story of Ben Franklin's bequest to Boston and Philadelphia in 1790. This inspiring story of philanthropy is an example of the enormous power of compound interest.
How Much Did Peterson Lose By Not Cashing His Check? - NFL cornerback Patrick Peterson received a $15,361,000 signing bonus as part of a five-year, 70 million contract extension. However, he didn’t immediately cash the check. When asked why, he said, “I just haven’t gotten around to it.” Have students investigate how much interest Peterson lost by not immediately cashing his check?
Simple and Compound Interest Review Add Em Up activity - This is a self-checking activity. These are google slides that can be printed or posted electronically. A series of two sets of questions. Students work in small groups to answer each set. If they correctly complete the set, they move on to the next set.
Additional Resources and Activities for N04, N05 and A01 (financial institution services):
Financial Math - A Credit Card Story Desmos Activity - A story about the math of credit cards... featuring annual percentage rate (APR), making payments, and the compound interest formula.