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Do now
Do now
Whichever option you choose, justify your reasoning with mathematics.
Whichever option you choose, justify your reasoning with mathematics.
Type your response in the chat but DO NOT press enter until I tell you to.
Type your response in the chat but DO NOT press enter until I tell you to.
Agenda
Agenda
Do now: Would you rather? (5 minutes)
Do now: Would you rather? (5 minutes)
Review Problems and/or Homework Review (15- 20minutes)
Review Problems and/or Homework Review (15- 20minutes)
Simple Interest Mini-Lesson (15 minutes)
Simple Interest Mini-Lesson (15 minutes)
Exit Ticket (5 minutes)
Exit Ticket (5 minutes)
Simple Interest Mini Lesson
Simple Interest Mini Lesson
As you travel through the world, you will encounter examples of perfect arithmetic sequences. Simple Interest is one such example.
When we invest money in an account, we usually receive interest. When we borrow money then we usually pay interest, for example, taking out a loan to buy a car, or a mortgage to buy a house, or using a credit card and not paying the balance off in full each month. Simple interest is interest calculated only on the initial investment. Suppose $2000 is invested in an account paying simple interest at a rate of 5% per year. How much money will be in the account after 4 years?
Exit Ticket (Linked Below)
Exit Ticket (Linked Below)
Will not be available after class
Will not be available after class
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