A Penny Saved is a Penny at 4.7% Earned There are lots of ways to receive income, and lots of ways to spend it. In this EconomicsMinute...

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GENERAL INFORMATION

Title:	A Penny Saved is a Penny at 4.7% Earned
Resource ID:	4564
URL:	http://www.econedlink.org/lessons/index.php?lesson=EM157&page=teacher
Resource Description:	There are lots of ways to receive income, and lots of ways to spend it. In this EconomicsMinute teaching idea students will develop two budgets, or plans, to help them decide how to allocate their income.

Instructional Component Type(s):

Worksheet, Teaching Idea (Primary Type)

Keywords:

percent, interest, simple interest, banking, budget, income, interest, savings, purchase, opportunity cost

Intended Audience:

Educators, Students

Public Remarks:

By Author/Submitter
Teachers can print out the student version of this lesson together with the provided worksheets and give copies to students to support reading in the content area. Students might enjoy taking turns reading the introduction of this lesson with partners.

See Access Points PD Modules under "Support" Tab of www.floridastandards.org

Resource Collection:

CPALMS

RELATED STANDARDS (2)

» MA.6.A.1.3: Solve real-world problems involving multiplication and division of fractions and decimals.
Cognitive Complexity: High l Date Adopted or Revised: 09/07
Belongs to: BIG IDEA 1

Related Instructional Resources » More Information »

» MA.7.A.1.2: Solve percent problems, including problems involving discounts, simple interest, taxes, tips, and percents of increase or decrease.
Cognitive Complexity: High l Date Adopted or Revised: 09/07
Belongs to: BIG IDEA 1

Related Instructional Resources » More Information »

RELATED ACCESS POINTS (1)

» MA.7.A.1.In.b:

Identify that a higher percent represents a larger quantity or amount in real-world problems.

Related Instructional Resources » More Information »

PEDAGOGY

Subject:	NGSSS: Mathematics
Grade Level(s):	6,7

Instructional Time:

1 Hour(s)

SOURCE & ACCESS INFORMATION

Name of Author/Source:	Council for Economic Education
Resource recommended by:	Angela Fortune
Web Address of Author/Source:	http://www.econedlink.org
Is this Resource freely Available?	Yes
Access Privileges:	Public

* Please note that examples of resources are not intended as complete curriculum.

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