Illustrative Math Alignment: Grade 7 Unit 9

This is part of a collection of math examples that focus on money.

Topic

Math of Money

Description

This example demonstrates compound interest calculation for a $1000 investment at a 2.5% interest rate over 5 years, compounded annually. Using the formula A = P(1 + r/n)nt, where P is the principal amount, r is the interest rate, n is the number of times interest is compounded per year, and t is the number of years, the final amount is calculated to be $1131.41.

Topic

Math of Money

Description

This example demonstrates compound interest calculation for a $1000 investment at a 2.5% interest rate over 5 years, compounded annually. Using the formula A = P(1 + r/n)nt, where P is the principal amount, r is the interest rate, n is the number of times interest is compounded per year, and t is the number of years, the final amount is calculated to be $1131.41.

Topic

Math of Money

Description

This example demonstrates compound interest calculation for a $1000 investment at a 2.5% interest rate over 5 years, compounded annually. Using the formula A = P(1 + r/n)nt, where P is the principal amount, r is the interest rate, n is the number of times interest is compounded per year, and t is the number of years, the final amount is calculated to be $1131.41.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment at a 5% interest rate over 5 years, compounded monthly. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.05, n = 12, and t = 5, the final amount is $1283.61.

Compound interest is a key concept in financial mathematics that shows how investments grow over time. This example highlights monthly compounding, demonstrating the impact of more frequent compounding on returns. Understanding these differences helps students apply compound interest in real-world financial scenarios.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment at a 5% interest rate over 5 years, compounded monthly. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.05, n = 12, and t = 5, the final amount is $1283.61.

Compound interest is a key concept in financial mathematics that shows how investments grow over time. This example highlights monthly compounding, demonstrating the impact of more frequent compounding on returns. Understanding these differences helps students apply compound interest in real-world financial scenarios.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment at a 5% interest rate over 5 years, compounded monthly. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.05, n = 12, and t = 5, the final amount is $1283.61.

Compound interest is a key concept in financial mathematics that shows how investments grow over time. This example highlights monthly compounding, demonstrating the impact of more frequent compounding on returns. Understanding these differences helps students apply compound interest in real-world financial scenarios.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment at a 5% interest rate over 5 years, compounded daily. The formula $$A = P(1 + r/n)nt is used with P = 1000, r = 0.05, n = 365, and t = 5, resulting in an amount of $1284.00.

Understanding compound interest is crucial for financial literacy. This example demonstrates daily compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment at a 5% interest rate over 5 years, compounded daily. The formula $$A = P(1 + r/n)nt is used with P = 1000, r = 0.05, n = 365, and t = 5, resulting in an amount of $1284.00.

Understanding compound interest is crucial for financial literacy. This example demonstrates daily compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment at a 5% interest rate over 5 years, compounded daily. The formula $$A = P(1 + r/n)nt is used with P = 1000, r = 0.05, n = 365, and t = 5, resulting in an amount of $1284.00.

Understanding compound interest is crucial for financial literacy. This example demonstrates daily compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment at a 5% interest rate over 5 years, compounded continuously. Using the formula A = Pert, where P = 1000, r = 0.05, and t = 5, the final amount is $1284.03.

Compound interest is a fundamental concept in finance, illustrating how investments grow exponentially over time. This example highlights continuous compounding, which shows the impact of applying interest at every possible moment. Understanding these differences helps students apply compound interest in real-world financial scenarios.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment at a 5% interest rate over 5 years, compounded continuously. Using the formula A = Pert, where P = 1000, r = 0.05, and t = 5, the final amount is $1284.03.

Compound interest is a fundamental concept in finance, illustrating how investments grow exponentially over time. This example highlights continuous compounding, which shows the impact of applying interest at every possible moment. Understanding these differences helps students apply compound interest in real-world financial scenarios.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment at a 5% interest rate over 5 years, compounded continuously. Using the formula A = Pert, where P = 1000, r = 0.05, and t = 5, the final amount is $1284.03.

Compound interest is a fundamental concept in finance, illustrating how investments grow exponentially over time. This example highlights continuous compounding, which shows the impact of applying interest at every possible moment. Understanding these differences helps students apply compound interest in real-world financial scenarios.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment with an interest rate of 2.5% over 10 years, compounded annually. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.025, n = 1, and $$t = 10, the final amount is $1280.08.

Understanding compound interest is crucial for financial literacy. This example demonstrates annual compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment with an interest rate of 2.5% over 10 years, compounded annually. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.025, n = 1, and $$t = 10, the final amount is $1280.08.

Understanding compound interest is crucial for financial literacy. This example demonstrates annual compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment with an interest rate of 2.5% over 10 years, compounded annually. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.025, n = 1, and $$t = 10, the final amount is $1280.08.

Understanding compound interest is crucial for financial literacy. This example demonstrates annual compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment with a 2.5% interest rate, compounded semi-annually over 10 years. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.025, n = 2, and t = 10, the final amount is $1282.04.

Understanding compound interest is essential for financial literacy. This example demonstrates semi-annual compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment with a 2.5% interest rate, compounded semi-annually over 10 years. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.025, n = 2, and t = 10, the final amount is $1282.04.

Understanding compound interest is essential for financial literacy. This example demonstrates semi-annual compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment with a 2.5% interest rate, compounded semi-annually over 10 years. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.025, n = 2, and t = 10, the final amount is $1282.04.

Understanding compound interest is essential for financial literacy. This example demonstrates semi-annual compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment with a 2.5% interest rate, compounded quarterly over 10 years. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.025, n = 4, and t = 10, the final amount is $1283.03.

Understanding compound interest is crucial for financial literacy. This example demonstrates quarterly compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment with a 2.5% interest rate, compounded quarterly over 10 years. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.025, n = 4, and t = 10, the final amount is $1283.03.

Understanding compound interest is crucial for financial literacy. This example demonstrates quarterly compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment with a 2.5% interest rate, compounded quarterly over 10 years. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.025, n = 4, and t = 10, the final amount is $1283.03.

Understanding compound interest is crucial for financial literacy. This example demonstrates quarterly compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment with a 2.5% interest rate, compounded monthly over 10 years. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.025, n = 12, and t = 10, the final amount is $1283.18.

Understanding compound interest is crucial for financial literacy. This example demonstrates monthly compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment with a 2.5% interest rate, compounded monthly over 10 years. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.025, n = 12, and t = 10, the final amount is $1283.18.

Understanding compound interest is crucial for financial literacy. This example demonstrates monthly compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment with a 2.5% interest rate, compounded monthly over 10 years. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.025, n = 12, and t = 10, the final amount is $1283.18.

Understanding compound interest is crucial for financial literacy. This example demonstrates monthly compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example demonstrates compound interest calculation for a $1000 investment at a 2.5% interest rate over 10 years, compounded daily. Using the formula A = P(1 + r/n)nt, with P = 1000, r = 0.025, n = 365, and t = 10, the result is $1284.01.

Understanding compound interest is essential for financial literacy. This example demonstrates daily compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example demonstrates compound interest calculation for a $1000 investment at a 2.5% interest rate over 10 years, compounded daily. Using the formula A = P(1 + r/n)nt, with P = 1000, r = 0.025, n = 365, and t = 10, the result is $1284.01.

Understanding compound interest is essential for financial literacy. This example demonstrates daily compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example demonstrates compound interest calculation for a $1000 investment at a 2.5% interest rate over 10 years, compounded daily. Using the formula A = P(1 + r/n)nt, with P = 1000, r = 0.025, n = 365, and t = 10, the result is $1284.01.

Understanding compound interest is essential for financial literacy. This example demonstrates daily compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example illustrates compound interest for a $1000 investment at a 2.5% interest rate over 10 years with continuous compounding. The formula for continuous compounding is A = Pert. With P = 1000, r = 0.025, and t = 10, the amount is calculated as $1284.03.

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.

Topic

Math of Money

Description

This example illustrates compound interest for a $1000 investment at a 2.5% interest rate over 10 years with continuous compounding. The formula for continuous compounding is A = Pert. With P = 1000, r = 0.025, and t = 10, the amount is calculated as $1284.03.

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.

Topic

Math of Money

Description

This example illustrates compound interest for a $1000 investment at a 2.5% interest rate over 10 years with continuous compounding. The formula for continuous compounding is A = Pert. With P = 1000, r = 0.025, and t = 10, the amount is calculated as $1284.03.

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.

Topic

Math of Money

Description

This example shows how to calculate compound interest for a $1000 investment with a 5% annual interest rate over 10 years, compounded annually. The formula used is A = P(1 + r/n)nt. Given P = 1000, r = 0.05, n = 1, and t = 10, the calculation yields $1628.89.

Understanding compound interest is essential for financial literacy. This example demonstrates annual compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example shows how to calculate compound interest for a $1000 investment with a 5% annual interest rate over 10 years, compounded annually. The formula used is A = P(1 + r/n)nt. Given P = 1000, r = 0.05, n = 1, and t = 10, the calculation yields $1628.89.

Understanding compound interest is essential for financial literacy. This example demonstrates annual compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example shows how to calculate compound interest for a $1000 investment with a 5% annual interest rate over 10 years, compounded annually. The formula used is A = P(1 + r/n)nt. Given P = 1000, r = 0.05, n = 1, and t = 10, the calculation yields $1628.89.

Understanding compound interest is essential for financial literacy. This example demonstrates annual compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example illustrates the calculation of compound interest for a $1000 investment at a 2.5% interest rate over 5 years, compounded semi-annually. The formula A = P(1 + r/n)nt is applied with P = 1000, r = 0.025, n = 2, and t = 5. The final amount after 5 years is $1132.27.

Topic

Math of Money

Description

This example illustrates the calculation of compound interest for a $1000 investment at a 2.5% interest rate over 5 years, compounded semi-annually. The formula A = P(1 + r/n)nt is applied with P = 1000, r = 0.025, n = 2, and t = 5. The final amount after 5 years is $1132.27.

Topic

Math of Money

Description

This example illustrates the calculation of compound interest for a $1000 investment at a 2.5% interest rate over 5 years, compounded semi-annually. The formula A = P(1 + r/n)nt is applied with P = 1000, r = 0.025, n = 2, and t = 5. The final amount after 5 years is $1132.27.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment with a 5% interest rate, compounded twice a year over 10 years. The formula used is A = P(1 + r/n)nt. Given P = 1000, r = 0.05, n = 2, and t = 10, the calculation results in $1638.62.

Understanding compound interest is crucial for financial literacy. This example demonstrates semi-annual compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment with a 5% interest rate, compounded twice a year over 10 years. The formula used is A = P(1 + r/n)nt. Given P = 1000, r = 0.05, n = 2, and t = 10, the calculation results in $1638.62.

Understanding compound interest is crucial for financial literacy. This example demonstrates semi-annual compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment with a 5% interest rate, compounded twice a year over 10 years. The formula used is A = P(1 + r/n)nt. Given P = 1000, r = 0.05, n = 2, and t = 10, the calculation results in $1638.62.

Understanding compound interest is crucial for financial literacy. This example demonstrates semi-annual compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment with a 5% interest rate over 10 years, compounded quarterly. Using the formula A = P(1 + r/n)nt, with P = 1000, r = 0.05, n = 4, and t = 10, the result is $1643.62.

Understanding compound interest is essential for financial literacy. This example demonstrates quarterly compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment with a 5% interest rate over 10 years, compounded quarterly. Using the formula A = P(1 + r/n)nt, with P = 1000, r = 0.05, n = 4, and t = 10, the result is $1643.62.

Understanding compound interest is essential for financial literacy. This example demonstrates quarterly compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example calculates compound interest for a $1000 investment with a 5% interest rate over 10 years, compounded quarterly. Using the formula A = P(1 + r/n)nt, with P = 1000, r = 0.05, n = 4, and t = 10, the result is $1643.62.

Understanding compound interest is essential for financial literacy. This example demonstrates quarterly compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example presents the calculation of compound interest for a $1000 investment with a 5% interest rate over 10 years, compounded monthly. Using the formula A = P(1 + r/n)nt, with P = 1000, r = 0.05, n = 12, and t = 10, the final amount is $1647.67.

Understanding compound interest is crucial for financial literacy. This example demonstrates monthly compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example presents the calculation of compound interest for a $1000 investment with a 5% interest rate over 10 years, compounded monthly. Using the formula A = P(1 + r/n)nt, with P = 1000, r = 0.05, n = 12, and t = 10, the final amount is $1647.67.

Understanding compound interest is crucial for financial literacy. This example demonstrates monthly compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example presents the calculation of compound interest for a $1000 investment with a 5% interest rate over 10 years, compounded monthly. Using the formula A = P(1 + r/n)nt, with P = 1000, r = 0.05, n = 12, and t = 10, the final amount is $1647.67.

Understanding compound interest is crucial for financial literacy. This example demonstrates monthly compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example illustrates calculating compound interest for a $1000 investment with a 5% interest rate over 10 years, compounded daily. Using the formula A = P(1 + r/n)nt, with P = 1000, r = 0.05, n = 365.25, and t = 10, the result is $1648.65.

Understanding compound interest is essential for financial literacy. This example demonstrates daily compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example illustrates calculating compound interest for a $1000 investment with a 5% interest rate over 10 years, compounded daily. Using the formula A = P(1 + r/n)nt, with P = 1000, r = 0.05, n = 365.25, and t = 10, the result is $1648.65.

Understanding compound interest is essential for financial literacy. This example demonstrates daily compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This example illustrates calculating compound interest for a $1000 investment with a 5% interest rate over 10 years, compounded daily. Using the formula A = P(1 + r/n)nt, with P = 1000, r = 0.05, n = 365.25, and t = 10, the result is $1648.65.

Understanding compound interest is essential for financial literacy. This example demonstrates daily compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes.

Topic

Math of Money

Description

This 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.