Monday, April 18, 2016

4/18 Simple Interest Game


Your team will start with $1,000 in your account.  Make wise decisions and correct calculations to grow your money as much as possible in 1 year.  The team with the most money wins!

1 month = 4 weeks

Decision #1:  Over a 3-month period of time, you can have either 3% interest every week  OR  10% interest every month

Decision #2:  Over a 3-month period of time, you can have either


Decision #3:  Over a 3-month period of time you can have either $150 added to your account each month OR 10% interest each month

Decision #4:  Over a 3-month period of time, you can choose 2% interest each week OR take your chances with a random % interest each month

Homework:  Problems #1-13 completed in Percent Practice Packet (also available in Google Classroom).  Answers checked and corrected to receive full credit