This math unit begins with an exploration of simple interest, where students first learn to calculate interest using principal, rate, and time. This skill is expanded upon by solving for different variables such as principal and rate based on given values of interest and other factors. As the unit progresses, students also learn to determine the time required to earn a specified amount of interest. These initial topics set a strong foundation in understanding how interest accumulates in financial contexts. Later, the unit shifts focus to the growth and reduction of money through percentage calculations. Students practice calculating the final amount of money after applying percentage increases and decreases in specific multiples (10% and 5%), considering various financial scenarios including tips, interest growth, taxes, and discounts. This transition from simple interest calculations to broader percentage manipulations allows students to apply their mathematical understanding in diverse and practical financial situations. This progression enhances their capability to handle real-life financial tasks efficiently.
Skills you will learn include:
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