Standard 3: Describe the advantages and disadvantages of short-term and long-term purchases.

General Information
Number: MA.912.FL.3
Title: Describe the advantages and disadvantages of short-term and long-term purchases.
Type: Standard
Subject: Mathematics (B.E.S.T.)
Grade: 912
Strand: Financial Literacy

Related Benchmarks

This cluster includes the following benchmarks.

Related Access Points

This cluster includes the following access points.

Access Points

MA.912.FL.3.AP.1
Compare simple and compound interest over time.
MA.912.FL.3.AP.2
Solve real-world problems involving simple and compound interest.
MA.912.FL.3.AP.4
Identify the relationship between simple interest and linear growth. Identify the relationship between compound interest and exponential growth.

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Formative Assessment

College Costs:

Students are asked to transform an exponential expression so that the rate of change corresponds to a different time interval.

Type: Formative Assessment

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