Description
Students observe Mike's Investment Portfolio to see how he is growing (or decaying) the money he made over the summer. Students will use exponential functions to figure out how much money he made or lost on each investment, and will calculate how much money he has at the end of 3 years. This activity provides good practice for students learning how to use exponential functions including the compound interest formula.
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FREE
Highlights
Digital downloads
Grades
8th - 12th
Subjects
Standards
CCSS8.EE.A.1
Tags
Pages
2
Answer Key
Not Included
Teaching Duration
1 hour
Description
Students observe Mike's Investment Portfolio to see how he is growing (or decaying) the money he made over the summer. Students will use exponential functions to figure out how much money he made or lost on each investment, and will calculate how much money he has at the end of 3 years. This activity provides good practice for students learning how to use exponential functions including the compound interest formula.
Report this resource to TPT
Reported resources will be reviewed by our team. Report this resource to let us know if this resource violates TPT's content guidelines.
Reviews
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My students enjoyed this resource because it looked at multiple different ways to invest and they had to think a little bit outside the box. The second task was also one of the first times any of them had seen decay as a word problem (losing money in the stock market) so we had to stop and think about what needed to change in the formula we had been using for growth. The third task made the students think more because they had to figure out how much he earned and take some of that away as the fee (they wanted the quickest way to solve the problem and there is no one step boom done version). Some of the students had trouble understanding for the fourth task that Miles was acting as the bank so he was earning interest on his money even though it wasn't actively in his possession, but when given a classmate example they understood a little better.
Thank you so much for the free resource. I made a few tweeks to it and will use it as one of the assessments I am giving for my Financial algebra class.
Questions & Answers
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Standards
to see state-specific standards (only available in the US).
CCSS8.EE.A.1
Know and apply the properties of integer exponents to generate equivalent numerical expressions. For example, 3² × (3⁻⁵) = (3⁻³) = 1/3³ = 1/27.
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