Curriculum Expectation
Overall Expectation
Demonstrate an understanding of the development and use of geometric and measurement relationships, and apply these relationships to solve problems, including problems involving real-life situations
Specific Expectation
Determine the growth of simple and compound interest at various rates using digital tools, and explain the impact interest has on long-term financial planning.
Resources
Learning Objectives/Big Idea
Learning Objective
To calculate compound and simple interest to solve problems.
Big Idea
Understanding simple and compound interest helps one make financial decisions when saving and budgeting for big expenses.
Binogi Related Resources
- SIMPLE INTEREST
- COMPOUND INTEREST
- BOOKS BY BINOGI – CURRICULUM & TEXTBOOK ALIGNMENT
- INTRODUCTION TO PERCENT
- PAY NOW OR LATER?
- BINOGI WEBSITE
Additional Resources – Lesson Plan Template
Vocabulary
The following Bilingual and Add Your Language Glossary Sheets include terms from Binogi’s Simple and Compound Interest Videos.
- Simple Interests: English-Mandarin
- Simple Interests: English-Bengali
- Simple Interests: English-Arabic
- Simple Interests: English-Urdu
- Simple Interests: Add your own language
- Compound Interests: English-Mandarin
- Compound Interests: English-Urdu
- Compound Interests: Add your own language
Interactive Game Booklet
Flipped Classroom
Students are assigned to watch the Binogi videos on Simple and Compound Interest a prior to the lesson. (Make sure students have an access to internet). Then, they record at least 1 question and 1 interesting/surprising fact they learned from the videos to share with the class Padlet or Scrumblr.
Language Friendly Pedagogy
Students can use the Concept Detective table to understand new concepts they are learning. They may include a description in English or a language of their choice. They can draw a picture or add an image to explain the meaning of one of the concepts they learned.