Illustrative Math Alignment: Grade 7 Unit 9
Putting it All Together
Lesson 2: Costs of Running a Restaurant
Use the following Media4Math resources with this Illustrative Math lesson.
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Math Example--Math of Money--Compound Interest: Example 24 | Math Example--Math of Money--Compound Interest: Example 24TopicMath of Money DescriptionThis example shows calculating compound interest for a $1000 investment with a 5% interest rate, compounded continuously over 10 years. The formula used is A = Pert. Given P = 1000, r = 0.05, and t = 10, the calculation results in $1648.72. Understanding compound interest is crucial for financial literacy. This example demonstrates continuous compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 24 | Math Example--Math of Money--Compound Interest: Example 24TopicMath of Money DescriptionThis example shows calculating compound interest for a $1000 investment with a 5% interest rate, compounded continuously over 10 years. The formula used is A = Pert. Given P = 1000, r = 0.05, and t = 10, the calculation results in $1648.72. Understanding compound interest is crucial for financial literacy. This example demonstrates continuous compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 3 | Math Example--Math of Money--Compound Interest: Example 3TopicMath of Money DescriptionThis example demonstrates the calculation of compound interest for a $1000 investment at a 2.5% interest rate over 5 years, compounded quarterly. The formula A = P(1 + r/n)nt is used, where P = 1000, r = 0.025, n = 4, and t = 5. The resulting amount after 5 years is $1132.71. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 3 | Math Example--Math of Money--Compound Interest: Example 3TopicMath of Money DescriptionThis example demonstrates the calculation of compound interest for a $1000 investment at a 2.5% interest rate over 5 years, compounded quarterly. The formula A = P(1 + r/n)nt is used, where P = 1000, r = 0.025, n = 4, and t = 5. The resulting amount after 5 years is $1132.71. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 3 | Math Example--Math of Money--Compound Interest: Example 3TopicMath of Money DescriptionThis example demonstrates the calculation of compound interest for a $1000 investment at a 2.5% interest rate over 5 years, compounded quarterly. The formula A = P(1 + r/n)nt is used, where P = 1000, r = 0.025, n = 4, and t = 5. The resulting amount after 5 years is $1132.71. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 4 | Math Example--Math of Money--Compound Interest: Example 4TopicMath of Money DescriptionThis example illustrates the calculation of compound interest for a $1000 investment at a 2.5% interest rate over 5 years, compounded monthly. The formula A = P(1 + r/n)nt is applied with P = 1000, r = 0.025, n = 12, and t = 5. The final amount after 5 years is $1132.78. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 4 | Math Example--Math of Money--Compound Interest: Example 4TopicMath of Money DescriptionThis example illustrates the calculation of compound interest for a $1000 investment at a 2.5% interest rate over 5 years, compounded monthly. The formula A = P(1 + r/n)nt is applied with P = 1000, r = 0.025, n = 12, and t = 5. The final amount after 5 years is $1132.78. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 4 | Math Example--Math of Money--Compound Interest: Example 4TopicMath of Money DescriptionThis example illustrates the calculation of compound interest for a $1000 investment at a 2.5% interest rate over 5 years, compounded monthly. The formula A = P(1 + r/n)nt is applied with P = 1000, r = 0.025, n = 12, and t = 5. The final amount after 5 years is $1132.78. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 5 | Math Example--Math of Money--Compound Interest: Example 5TopicMath of Money DescriptionThis example demonstrates the calculation of compound interest for a $1000 investment at a 2.5% interest rate over 5 years, compounded daily. The formula A = P(1 + r/n)nt is used, where P = 1000, r = 0.025, n = 365.25, and t = 5. The resulting amount after 5 years is $1133.14. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 5 | Math Example--Math of Money--Compound Interest: Example 5TopicMath of Money DescriptionThis example demonstrates the calculation of compound interest for a $1000 investment at a 2.5% interest rate over 5 years, compounded daily. The formula A = P(1 + r/n)nt is used, where P = 1000, r = 0.025, n = 365.25, and t = 5. The resulting amount after 5 years is $1133.14. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 5 | Math Example--Math of Money--Compound Interest: Example 5TopicMath of Money DescriptionThis example demonstrates the calculation of compound interest for a $1000 investment at a 2.5% interest rate over 5 years, compounded daily. The formula A = P(1 + r/n)nt is used, where P = 1000, r = 0.025, n = 365.25, and t = 5. The resulting amount after 5 years is $1133.14. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 6 | Math Example--Math of Money--Compound Interest: Example 6TopicMath of Money DescriptionThis example demonstrates the calculation of compound interest for a $1000 investment at a 2.5% interest rate, compounded continuously over 5 years. Using the formula A = P•ert, where P = 1000, r = 0.025, and t = 5, the final amount is calculated as $1133.15. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 6 | Math Example--Math of Money--Compound Interest: Example 6TopicMath of Money DescriptionThis example demonstrates the calculation of compound interest for a $1000 investment at a 2.5% interest rate, compounded continuously over 5 years. Using the formula A = P•ert, where P = 1000, r = 0.025, and t = 5, the final amount is calculated as $1133.15. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 6 | Math Example--Math of Money--Compound Interest: Example 6TopicMath of Money DescriptionThis example demonstrates the calculation of compound interest for a $1000 investment at a 2.5% interest rate, compounded continuously over 5 years. Using the formula A = P•ert, where P = 1000, r = 0.025, and t = 5, the final amount is calculated as $1133.15. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 7 | Math Example--Math of Money--Compound Interest: Example 7TopicMath of Money DescriptionThis example calculates compound interest for a $1000 investment with a 5% annual interest rate over 5 years, compounded annually. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.05, n = 1, and t = 5, the final amount is $1276.28. Compound interest is essential in understanding how investments grow over time. This example emphasizes annual compounding and its effects on investment returns. By examining different compounding frequencies, students can appreciate how often interest is applied impacts overall growth. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 7 | Math Example--Math of Money--Compound Interest: Example 7TopicMath of Money DescriptionThis example calculates compound interest for a $1000 investment with a 5% annual interest rate over 5 years, compounded annually. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.05, n = 1, and t = 5, the final amount is $1276.28. Compound interest is essential in understanding how investments grow over time. This example emphasizes annual compounding and its effects on investment returns. By examining different compounding frequencies, students can appreciate how often interest is applied impacts overall growth. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 7 | Math Example--Math of Money--Compound Interest: Example 7TopicMath of Money DescriptionThis example calculates compound interest for a $1000 investment with a 5% annual interest rate over 5 years, compounded annually. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.05, n = 1, and t = 5, the final amount is $1276.28. Compound interest is essential in understanding how investments grow over time. This example emphasizes annual compounding and its effects on investment returns. By examining different compounding frequencies, students can appreciate how often interest is applied impacts overall growth. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 8 | Math Example--Math of Money--Compound Interest: Example 8TopicMath of Money DescriptionThis example calculates compound interest for a $1000 investment with a 5% interest rate, compounded semi-annually over 5 years. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.05, n = 2, and t = 5, the final amount is $1280.08. Compound interest is fundamental in financial mathematics, illustrating how investments grow over time. This example highlights semi-annual compounding, showing how different frequencies impact returns. Understanding these variations helps students grasp the practical applications of compound interest in real-life scenarios. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 8 | Math Example--Math of Money--Compound Interest: Example 8TopicMath of Money DescriptionThis example calculates compound interest for a $1000 investment with a 5% interest rate, compounded semi-annually over 5 years. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.05, n = 2, and t = 5, the final amount is $1280.08. Compound interest is fundamental in financial mathematics, illustrating how investments grow over time. This example highlights semi-annual compounding, showing how different frequencies impact returns. Understanding these variations helps students grasp the practical applications of compound interest in real-life scenarios. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 8 | Math Example--Math of Money--Compound Interest: Example 8TopicMath of Money DescriptionThis example calculates compound interest for a $1000 investment with a 5% interest rate, compounded semi-annually over 5 years. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.05, n = 2, and t = 5, the final amount is $1280.08. Compound interest is fundamental in financial mathematics, illustrating how investments grow over time. This example highlights semi-annual compounding, showing how different frequencies impact returns. Understanding these variations helps students grasp the practical applications of compound interest in real-life scenarios. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 9 | Math Example--Math of Money--Compound Interest: Example 9TopicMath of Money DescriptionThis example illustrates calculating compound interest for a $1000 investment at a 5% interest rate, compounded quarterly over 5 years. The formula A = P(1 + r/n)nt is used with P = 1000, r = 0.05, n = 4, and t = 5, resulting in an amount of $1282.04. Understanding compound interest is key to financial literacy, showing how investments can grow exponentially. This example demonstrates quarterly compounding and its influence on returns. By examining different compounding intervals, students gain insight into the effects on financial growth. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 9 | Math Example--Math of Money--Compound Interest: Example 9TopicMath of Money DescriptionThis example illustrates calculating compound interest for a $1000 investment at a 5% interest rate, compounded quarterly over 5 years. The formula A = P(1 + r/n)nt is used with P = 1000, r = 0.05, n = 4, and t = 5, resulting in an amount of $1282.04. Understanding compound interest is key to financial literacy, showing how investments can grow exponentially. This example demonstrates quarterly compounding and its influence on returns. By examining different compounding intervals, students gain insight into the effects on financial growth. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 9 | Math Example--Math of Money--Compound Interest: Example 9TopicMath of Money DescriptionThis example illustrates calculating compound interest for a $1000 investment at a 5% interest rate, compounded quarterly over 5 years. The formula A = P(1 + r/n)nt is used with P = 1000, r = 0.05, n = 4, and t = 5, resulting in an amount of $1282.04. Understanding compound interest is key to financial literacy, showing how investments can grow exponentially. This example demonstrates quarterly compounding and its influence on returns. By examining different compounding intervals, students gain insight into the effects on financial growth. |
Compound Interest |
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Math Example--Math of Money--Simple Interest--Example 1 | Math Example--Math of Money--Simple Interest--Example 1
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 1 | Math Example--Math of Money--Simple Interest--Example 1
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 1 | Math Example--Math of Money--Simple Interest--Example 1
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 1 | Math Example--Math of Money--Simple Interest--Example 1
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 10 | Math Example--Math of Money--Simple Interest--Example 10
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 10 | Math Example--Math of Money--Simple Interest--Example 10
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 10 | Math Example--Math of Money--Simple Interest--Example 10
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 10 | Math Example--Math of Money--Simple Interest--Example 10
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 10 | Math Example--Math of Money--Simple Interest--Example 10
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 2 | Math Example--Math of Money--Simple Interest--Example 2
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 2 | Math Example--Math of Money--Simple Interest--Example 2
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 2 | Math Example--Math of Money--Simple Interest--Example 2
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 2 | Math Example--Math of Money--Simple Interest--Example 2
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 2 | Math Example--Math of Money--Simple Interest--Example 2
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 3 | Math Example--Math of Money--Simple Interest--Example 3
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 3 | Math Example--Math of Money--Simple Interest--Example 3
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 3 | Math Example--Math of Money--Simple Interest--Example 3
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 3 | Math Example--Math of Money--Simple Interest--Example 3
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 4 | Math Example--Math of Money--Simple Interest--Example 4
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 4 | Math Example--Math of Money--Simple Interest--Example 4
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 4 | Math Example--Math of Money--Simple Interest--Example 4
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 4 | Math Example--Math of Money--Simple Interest--Example 4
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 5 | Math Example--Math of Money--Simple Interest--Example 5
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 5 | Math Example--Math of Money--Simple Interest--Example 5
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 5 | Math Example--Math of Money--Simple Interest--Example 5
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 5 | Math Example--Math of Money--Simple Interest--Example 5
This is part of a collection of math examples that focus on money. |
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Math Example--Math of Money--Simple Interest--Example 6 | Math Example--Math of Money--Simple Interest--Example 6
This is part of a collection of math examples that focus on money. |
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