﻿ Export

# Standard #: MA.912.FL.3.2

This document was generated on CPALMS - www.cpalms.org

Solve real-world problems involving simple, compound and continuously compounded interest.

### Examples

Example: Find the amount of money on deposit at the end of 5 years if you started with \$500 and it was compounded quarterly at 6% interest per year.

Example: Joe won \$25,000 on a lottery scratch-off ticket. How many years will it take at 6% interest compounded yearly for his money to double?

### Clarifications

Clarification 1: Within the Algebra 1 course, interest is limited to simple and compound.

### General Information

Subject Area: Mathematics (B.E.S.T.)
Strand: Financial Literacy
Status: State Board Approved

#### Related Courses

 Course Number1111 Course Title222 1200310: Algebra 1 (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 and beyond (current)) 1200320: Algebra 1 Honors (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 and beyond (current)) 1200330: Algebra 2 (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 and beyond (current)) 1200340: Algebra 2 Honors (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 and beyond (current)) 1200370: Algebra 1-A (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 and beyond (current)) 1200380: Algebra 1-B (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 and beyond (current)) 1200400: Foundational Skills in Mathematics 9-12 (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 and beyond (current)) 7912070: Access Mathematics for Liberal Arts (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2019, 2019 - 2022, 2022 and beyond (current)) 7912080: Access Algebra 1A (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2019, 2019 - 2022, 2022 and beyond (current)) 7912090: Access Algebra 1B (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2019, 2019 - 2022, 2022 and beyond (current)) 1200315: Algebra 1 for Credit Recovery (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 and beyond (current)) 1200375: Algebra 1-A for Credit Recovery (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 and beyond (current)) 1200385: Algebra 1-B for Credit Recovery (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 and beyond (current)) 7912075: Access Algebra 1 (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2019, 2019 - 2022, 2022 and beyond (current)) 7912095: Access Algebra 2 (Specifically in versions: 2016 - 2018, 2018 - 2019, 2019 - 2022, 2022 and beyond (current)) 1207350: Mathematics for College Liberal Arts (Specifically in versions: 2022 and beyond (current)) 1200388: Mathematics for Data and Financial Literacy Honors (Specifically in versions: 2022 and beyond (current)) 1200384: Mathematics for Data and Financial Literacy (Specifically in versions: 2022 and beyond (current)) 7912120: Access Mathematics for Data and Financial Literacy (Specifically in versions: 2022 and beyond (current))

#### Related Access Points

 Access Point Number Access Point Title MA.912.FL.3.AP.2 Solve real-world problems involving simple and compound interest.

Printed On:12/2/2022 4:54:12 PM
Print Page | Close this window