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Lesson Plan

Illustrative Mathematics: F Bf Compounding With a 5% Interest Rate

Curated by ACT

In the problem presented here, money is invested in an account and its owner understands that interest compounded semi-annually gives a better return than interest compounded annually. He wonders how much interest can be earned by compounding it more frequently. Aligns with F-BF.A.1.a.

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CCSS: Designed
Concepts
compound interest
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Additional Tags
cc by-nc-sa 4.0, compounding with a 5% interest rate, creative commons attribution-noncommercial-sharealike 4.0, f-bf.a.1.a, illustrative mathematics
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Classroom Considerations
  • Knovation Readability Score: 5 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Instructional|practice
Common Core
HSF-BF.A.1.a