Unpacked Content
Knowledge
Students know:
- how to calculate both simple interest and compound interest and straight line depreciation and proportional depreciation.
Skills
Students are able to:
- Create tables that compare interest paid/owed on accounts using simple interest and compound interest.
- Create tables that compare depreciation on items using straight line depreciation and proportional depreciation.
Understanding
Students understand that:
- interest can be calculated in different ways and there are advantages and disadvantages to each method. (earning interest vs. paying interest).
- Depreciation can be calculated in different ways and there are advantages and disadvantages to each method.
Vocabulary
- Simple Interest
- Compound Interest
- Straight Line Depreciation
- Proportional Depreciation
