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Teacher-Facing Resources

Type:Application Exercise

Estimated Time:45 minutes

Grade:8

Score Type:Mixed Graded

Work completed by a student will be graded through a variety of scoring options including participation, student self-assessment and teacher assessment via rubric to provide flexibility with the type of grade sent to the Learning Management System (LMS) gradebook. Student work may include opened-ended questions, correct/incorrect responses, a final product and/or a self-assessment

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 

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

Data Collection for Decision Making

Library Media > Information Technology > Student Use > Data Collection for Decision Making

Data Collection for Decision Making 

Technology Education > 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

Manuals / Warranties / Functional Text

Language Arts > Reading / Literature > Genre > Technical > Manuals / Warranties / Functional Text

Math in Daily Life

Mathematics > Process Standards > Math in Daily Life

Nonfiction

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

Nonfiction

Language Arts > Reading / Literature > Comprehension / Analysis > Word Study > Nonfiction

Nonfiction

Language Arts > Reading / Literature > Comprehension / Analysis > General Comprehension > Nonfiction

Problem Solving 

Technology Education > Information Technology > Student Use > Problem Solving 

Spreadsheets

Mathematics > Statistics Probability > Computation/Technology > Spreadsheets

Spreadsheets

Mathematics > Number Operations > Computation/Technology > Spreadsheets

Spreadsheets

Library Media > Information Technology > Software Applications > Spreadsheets

Spreadsheets 

Technology Education > Information Technology > Software Applications > Spreadsheets 

Student Evaluation and Selection of Tools / Software for Task 

Technology Education > Information Technology > Student Use > Student Evaluation and Selection of Tools / Software for Task 

Use appropriate tools strategically

Mathematics > Process Standards > Common Core > Use appropriate tools strategically
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EXCEEDS (4)MEETS (3)APPROACHES (2)DOES NOT MEET (1)
Directions and Participation The student followed all directions and went above and beyond in answering all questions in the assignment.The student followed all directions and answered all questions in the assignment.The student followed most directions and answered most questions in the assignment.The student did not follow directions or answer the questions in the assignment.
Required Final Product Components The final product includes additional elements to enhance the assignment beyond the required components.The final product includes all components required by the assignment.The final product includes most of the components required by the assignment.The final product does not demonstrate the components required by the assignment.
Organization and Originality The final product is exceptionally well designed, includes additional elements, contains no spelling, grammar or punctuation mistakes and reveals student’s creative insights into the assignment.The final product is neat, includes all components required by the assignment, contains minimal spelling, grammar or punctuation mistakes and includes some creative elements.The final product is adequate but lacks neatness and creativity, contains some spelling, grammar and punctuation mistakes and is missing required components.The final product is not neat or creative, is missing required components and contains many spelling, grammar or punctuation mistakes.
Digital Literacy Skills Application The final product clearly demonstrates an accurate and deep level of understanding of the concept.The final product demonstrates an accurate and appropriate level of understanding of the concept.The final product demonstrates some understanding of the concept.The final product demonstrates little to no understanding of the concept.
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)
ELA-Literacy.L.8.6 Acquire and use accurately grade-appropriate general academic and domain-specific words and phrases; gather vocabulary knowledge when considering a word or phrase important to comprehension or expression.
ELA-Literacy.RI.8.4 Determine the meaning of words and phrases as they are used in a text, including figurative, connotative, and technical meanings; analyze the impact of specific word choices on meaning and tone, including analogies or allusions to other texts.
Math.Practice.MP5 Use appropriate tools strategically.
ELA-Literacy.RST.6-8.7 Integrate quantitative or technical information expressed in words in a text with a version of that information expressed visually (e.g., in a flowchart, diagram, model, graph, or table).
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).
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