Curated and Reviewed by
Lesson Planet
This Why Do Banks Pay YOU to Provide Their Services? lesson plan also includes:
- Linear and Exponential Functions - Module Overview (PDF)
- Linear and Exponential Functions - Module Overview (Doc)
- Why Do Banks Pay YOU to Provide Their Services? (Doc)
- Why Do Banks Pay YOU to Provide Their Services? (PDF)
- Why Do Banks Pay YOU to Provide Their Services? (Doc)
- Assessment
- Answer Key
- Join to access all included materials
How does a bank make money? That is the question at the based of a lesson that explores the methods banks use to calculate interest. Groups compare the linear simple interest pattern with the exponential compound interest pattern.
34 Views
26 Downloads
CCSS:
Designed
Concepts
Additional Tags
Instructional Ideas
- Create collaborative groups to work through the simple interest and compound interest examples; ask groups to make a statement comparing and contrasting the two types of interest
- If learners have difficulty writing the equations, have them create tables of values and examine the patterns
Classroom Considerations
- A review of percents may be necessary depending on student backgrounds
- The fourth in a series of 36 related resources
Pros
- Analyzing the two types of interest allows for a comparison of linear and exponential patterns
- All handouts, keys, and a teacher guide are included
Cons
- None