Math Essentials 10 Desmos Activity Collection - A collection of online student Desmos activities organized by unit.
A5 understand transactions such as depositing, transferring and withdrawing money, writing cheques and withdrawing money
A6 understand what interest is and how interest is calculated by a bank
B11 calculate simple and compound interest
C1 recognize patterns in tables where simple and compound interest has been calculated
Additional Resources and Activities for Unit 2 (banking):
Course materials from eLearningOntario - These materials have been shared to support students.
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.
Money Math e-text - Northwest Territories (NWT) Literacy Council workbooks - Money Math has three sections. Each section has a variety of topics and worksheets and a review page: Personal Finances, Saving Money, and Consumer Math.
A Simple Math Formula Is Basically Responsible For All Of Modern Civilization - An article from Business Insider about the history of interest, its power and how it has changed the world. Plus there is a video clip from Furturama!.
Making Money with Benjamin Franklin from Math Central and OPTIMISM: Ben Franklin and the 200 Year Endowments from Eddie Thompson - The story of Ben Franklin's bequest to Boston and Philadelphia is an inspiring story of philanthropy as well as an example of the enormous power of compound interest.