Day 101 of 180Week 21 of 36, MondayThird quarter

Compound interest

๐Ÿ”ข Math๐Ÿ” Practiseโฑ๏ธ about 45 minutes

Compare $100 at 10% with $10 added yearly over thirty years, and graph both.

Reps on something already met. Short, and worth doing even on a bad evening.

๐Ÿ“‹ Want the whole year planned? $9.99

Today is rung 2 of 6 on this topic

Exponential growth versus linear growth

Can do: Distinguishes constant difference from constant ratio, and models exponential situations.

Why it matters

Human intuition about exponential growth is terrible, and it matters for interest, populations, epidemics and compound anything.

What it looks like when it's wobbly

Treats fast growth as steep linear growth, and dramatically underestimates the long run.

โฑ๏ธ Two-minute check

"$100 at 10% a year, or $10 added per year โ€” which is bigger after 30 years?"

Solid looks like: The exponential, by a lot, with the reason being multiplication rather than addition.

The full activity for this topic ยท 25 minutes

Fold and Double

PaperA calculatorA spreadsheet if possible
  1. 1Ask how thick paper would be if folded 42 times. Take their guess before calculating.
  2. 2Build a doubling table and watch it become absurd. It reaches the moon.
  3. 3Compare a linear and exponential table side by side over 30 steps.
  4. 4Graph both on the same axes and note where the exponential overtakes.
  5. 5Apply it to real compound interest or a savings plan.

If it's too hard

Doubling tables only.

If it's too easy

Exponential decay, half-life, and solving for time.

Say this

"Guess first, then calculate. Being badly wrong about this is the point of the exercise."

Grade 9 money lessons

Week 21 at a glance

  1. Monday ยท Day 101

    ๐Ÿ”ข Math

    Compound interest

  2. Tuesday ยท Day 102

    ๐Ÿ“– Reading

    Read outside the comfort zone

  3. Wednesday ยท Day 103

    ๐Ÿ”ฌ Science

    Genetics checkpoint

  4. Thursday ยท Day 104

    โœ๏ธ Writing

    Handwriting under pressure

  5. Friday ยท Day 105

    ๐ŸŒ Social Studies

    Who sets the price?

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