Business Applications

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Type:Application Exercise

Estimated Time:45 minutes

Score Type:Auto Score

This application exercise automatically provides a score to your gradebook

Available Language: English


Vocabulary: Compound Interest, Credit Card Debt, Currency, Data, Financial Literacy, Interest, Money, Principal, Retirement, Savings, Spreadsheet


Primary Objectives:

  • Students calculate compound interest on savings using a spreadsheet.
  • Students calculate interest on credit card debt.
  • Students compare benefits and drawbacks of credit cards.
  • Students compare the impact different interest rates have on credit card debt.
  • Students make wise decisions about spending and saving money and using credit.
  • Students set saving goals and strategies.

Secondary Objectives:

  • Students use technology as a tool to research, organize, evaluate and communicate information
  • Students apply digital tools to gather, evaluate, and use information.
  • Students process data and report results.

Subjects:

Budgets/Savings

Mathematics > Applied Math > Finance > Budgets/Savings

Budgets/Spending vs. Savings

Mathematics > Applied Math > Finance > Budgets/Spending vs. Savings

Critical Thinking and Decision Making Process 

Information Technology > Student Use > Critical Thinking and Decision Making Process 

Data Collection for Decision Making

Information Technology > Student Use > Data Collection for Decision Making

Data Collection for Decision Making 

Digital Literacy > Student Use > Data Collection for Decision Making 

Interest Rate

Social Studies > Economics > Financial Sector > Money and Banking > Interest Rate

Interest/Compound

Mathematics > Applied Math > Finance > Interest/Compound

Journaling Daily Writing Learning Logs

Language Arts > Writing > General > Journaling Daily Writing Learning Logs

Math in Daily Life

Mathematics > Process Standards > Math in Daily Life

Nonfiction

Language Arts > Reading / Literature > Comprehension / Analysis > Follow Directions > Nonfiction

Spreadsheets

Mathematics > Number Operations > Computation/Technology > Spreadsheets

Spreadsheets

Information Technology > Software Applications > Spreadsheets

Spreadsheets

Mathematics > Statistics Probability > Computation/Technology > Spreadsheets

Spreadsheets 

Information Technology > Software Applications > Spreadsheets 

Use appropriate tools strategically

Mathematics > Process Standards > Common Core > Use appropriate tools strategically
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Standards:

S.5.b Students collect data or identify relevant data sets, use digital tools to analyze them, and represent data in various ways to facilitate problem-solving and decision-making.
2-DA-08 Collect data using computational tools and transform the data to make it more useful and reliable. (P6.3)
Math.Practice.MP5 Use appropriate tools strategically.
ELA-Literacy.RH.6-8.3 Identify key steps in a text's description of a process related to history/social studies (e.g., how a bill becomes law, how interest rates are raised or lowered).
ISTE seal of compliance for proficiency student standards ISTE seal of compliance for readiness student standards
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