Learning Resource Type

Classroom Resource

What's My Interest?

Subject Area

Mathematics

Grade(s)

7

Overview

In this lesson, students will explore the concept of interest by means of two activities. The first, a simple activity with jellybeans, introduces the concept of interest accruement, and the second, a practical, "real world" activity, reinforces the concept and places it into a larger context. This lesson will help students learn about compound interests and give them real-world practice in making these calculations. 

    Mathematics (2019) Grade(s): 7

    MA19.7.3

    Solve multi-step percent problems in context using proportional reasoning, including simple interest, tax, gratuities, commissions, fees, markups and markdowns, percent increase, and percent decrease.

    Unpacked Content

    UP:MA19.7.3

    Vocabulary

    • Proportion
    • Simple interest
    • Tax
    • Gratuities
    • Commissions
    • Fees
    • Markups and markdowns
    • percent increase and percent decrease

    Knowledge

    Students know:
    • how to interpret a real-world problem to determine what is being asked.
    • Techniques for calculating and using percents to solve problems in context.
    • how to interpret the solution in the context of the problem.

    Skills

    Students are able to:
    • Write and solve proportions to help them solve real-world problems involving percent.
    • Solve problems that require them to calculate: simple interest, tax, gratuities, commission, fees, mark ups, markdowns, percent increase and percent decrease.

    Understanding

    Students understand that:
    • percents relate to real-world contexts, and how to determine the reasonableness of their answers based on that context.
    Link to Resource

    CR Resource Type

    Lesson/Unit Plan

    Resource Provider

    EconEdLink
    Accessibility

    Accessibility

    Text Resources: Content is organized under headings and subheadings
    License

    License Type

    Custom
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