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Simple Interest Lesson Plan

The document outlines a 7th grade math lesson on simple interest. It includes the student learning objectives, which are to understand and calculate simple interest using the simple interest formula. The lesson will involve discussing what interest is, working through examples of calculating simple interest when given different parts of the formula, and assigning homework to assess student understanding. Students will be formally assessed on their understanding of simple interest with a concept check on Monday.

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1K views2 pages

Simple Interest Lesson Plan

The document outlines a 7th grade math lesson on simple interest. It includes the student learning objectives, which are to understand and calculate simple interest using the simple interest formula. The lesson will involve discussing what interest is, working through examples of calculating simple interest when given different parts of the formula, and assigning homework to assess student understanding. Students will be formally assessed on their understanding of simple interest with a concept check on Monday.

Uploaded by

api-401904683
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Lesson 6.

7 – Simple Interest
February 9th, 2018

Name: Allison Apone Unit Title: Chapter 6 – Percents


Class: Math 7 Lesson Plan Title: Lesson 6.7 – Simple
Time: 5th Hour (12:23pm – 1:20pm) Interest

Student’s Prior Knowledge


 Students know how to convert from a decimal to a percent and how to order and
compare decimals, percent’s, and fractions.
 Students have learned how to solve percent problems using either the percent
equation or percent proportion.
 Students have learned how to calculate percent of change (increase and decrease).
 Students have learned different methods to calculate discounts and markups.

Unit Goals
 Write percents as decimals and decimals as percents.
 Compare fractions, decimals, and percents.
 Use proportionality to solve percent problems.
 Use the percent equation.
 Solve percent problems involving percents of increase and decrease, and simple
interest.

Michigan Common Core Standards


CCSS.MATH.CONTENT.7.RP.A.3
Use proportional relationships to solve multistep ratio and percent problems.
Examples: simple interest, tax, markups and markdowns, gratuities and
commissions, fees, percent increase and decrease, percent error.

Lesson Goal: Students will learn about interest, simple interest and how to use the simple
interest formula to calculate either time, rate, principal, or the simple interest.

Instructional Materials
 Answers to previous night’s homework
 Concept Check forms
 6.7 Notebook Presentation
 Student Notebooks (for their notes) & Calculators

Instructional Procedures and Learning Activities


1) As students walk into class, they will be instructed to take out their homework from
the previous night (Discounts and Markups Worksheet Method 2). The answers will
be displayed on the board for students to check as I walk around and check in that
their homework was completed.
2) Then, I will ask if there are any problems from the homework that students would like
to see me do in front of the class.
3) Next, students will put all materials away except for their pencils, concept check
papers, and a calculator. The 6.6 concept check (three question mini quiz –
formative assessment) will be given and students will have about 10 minutes to
complete.
4) After all students turn in their concept check, I will explain that they must take out
their notebooks for the last section of the chapter.
5) I will begin class with a discussion on what the word interest means, pertaining to
money. Then, I will ask students if any of them have a savings account. This
discussion will allow students to see that there are real-life applications of math that
they learn in math 7. They will be able to relate to earning interest if they have a
bank account.
6) After the discussion, I will discuss the simple interest formula that is used to
calculate either time, rate, principal, or simple interest. It is also important to point
out the fact that the formula only deals with multiplication and that writing variables
right next to one another means that they are being multiplied together.
7) The first example we will do together and goes over how to find the interest given the
principal, time, and rate. Part b of the problem asks students to find the balance of
the account. We will have a quick discussion on what the balance of an account is
and then proceed to find the balance. Students will then try a problem on their own.
8) The next example is slightly different. This time, the principal, interest, and time is
given. The question is asking for the interest rate. So, students must remember how
to work with solving equations to solve for r. *Make sure it is clear that the interest
rate is a percent and the decimal must be converted to a percentage in the final
answer.
9) There will be one more example where a different part of the formula is missing
(time). In this problem, it is important to talk about how you would approach a
problem if the time is not presented in years, but months.
10)Students will be assigned homework for the night and may have a few minutes left in
class to work on it depending on how effective class time was used! There will be a
6.7 concept check on the concepts Monday, in class.

Assessment/Evaluation
Students will be evaluated on the previous day’s lesson during the 6.6 concept check. They
will also be evaluated on today’s lesson (simple interest) on the concept check that will take
place on Monday. Throughout the lesson today, there will be multiple opportunities for
students to work independently on problems, as I walk around the room and ask students
questions about their work. This is how they will be informally assessed throughout the
hour. Their homework, that will be checked in tomorrow will help me to assess their
progress, as well.

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