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CCSS.MATH.CONTENT.7.NS.A.3
Solve real-world and mathematical problems involving the four operations with rational numbers.
Chapter 7:
I can calculate the new balance on a charge
account and compute the finance charge based
on the various methods credit card companies
use.
Chapter 9:
I can compute the costs involved in buying,
leasing, or renting, and the costs of running a
vehicle.
Chapter 10:
I can compute the costs associated with
owning a home, such as a mortgage,
insurance, and maintenance.
Level 1 (Recall) Level 2 ( Skill/Concept) Level 3 (Strategic Thinking) Level 4 (Extended Thinking)
Recite, tell, recall, state, repeat, use, name, Graph, classify, separate, cause/effect, Revise, assess, apprise, construct, Design, connect, synthesize, apply concepts,
match, 5 Ws, define, draw, identify, list, estimate, compare, relate, infer, identify critique, compare, investigate, critique, analyze, create, prove
label, measure, illustrate, memorize, patterns, organize, construct, modify, differentiate, draw conclusions,
arrange, report, quote, calculate. predict, interpret, distinguish, make hypothesize, formulate, cite evidence,
observations, summarize, show, categorize critique, develop a logical argument
Assessment and Monitoring: (checks for content and desired effect)
Common Formative Assessment Common Summative Assessment
Seatwork Quizzes
Homework Chapter Tests
Concept Checks Pre/Post - Tests
Bellwork
Learning Plan: Instructional Strategies /Lesson Activity: (Identify your CFAs and CITW strategies in your plan)
WRITE OUT EXPLICITLY:
Anticipatory Set:
Review previous lesson, open with lesson opener from resources for each section, an activity, or relate concepts to real
world.
L7-1 Ask students if they know how a person actually pays for the purchases made with a credit card. Explain that a credit
card company sends a monthly statement to the customer.
L7-2 Explain to students that there are different ways to calculate the finance charge. This lesson will focus on calculating
the finance charge based on the unpaid balance method. Write on the board the formula for calculating the finance charge
based on this method: Finance Charge = Unpaid Balance x Periodic Rate. Have a student define the term unpaid balance.
Explain that there are other methods used to compute the finance charge.
L7-3 Lead students in a discussion of the meaning of average daily balance. Elicit from students the fact that the balance
each day is the same until the day the credit card company makes a transaction. After that date, the balance again remains
the same. Ask students how find the average of the balances in a 30-day period. Explain that some credit card companies
compute the finance charge by using the daily balances. In this section, the only transactions considered are payments.
L7-4 Ask students to suggest a way that a credit card company can compute the sum of daily balances to yield a higher
finance charge. Explain that many charge accounts do use new purchases in computing the finance charge.
L9-1 Who plans to have a new car of their own someday? In this lesson, we will learn about the sticker price of a new car.
L9-2 Ask students if theyve ever accompanied anyone to buy a new car. Did the buyer offer less than the sticker price?
Dealers may sometimes be willing to accept an offer less than the sticker price, because they paid less to the manufacturer
for the car.
L9-3 Many students may have had experience shopping for, owning, or selling a used vehicle. Ask students to share their
experiences of trying to find a price agreeable to both the buyer and the seller.
L9-4 Explain to students that they will use tables to compute the annual premium for vehicle insurance. In many states, it is
against the law to drive a car without auto insurance. This is an additional cost that needs to be considered when
purchasing a vehicle.
L9-5 Ask students to name the costs they or their families have encountered in operating and maintaining an automobile.
List items on the board as they are named. Tell students that in todays lesson, they will learn to compute the cost per mile
of operating and maintaining an automobile.
L9-6 Ask students what a lease in reference to an apartment means. Point out that leasing an automobile has become a
common business practice.
L9-7 Ask students if any of their families have ever rented a vehicle either while on vacation or while the family car was
being repaired. The focus of this lesson is to compute the cost per mile of renting a vehicle.
L10-1 Bring to class the real estate section of your local newspaper. Read a variety of advertisements of houses for sale.
Select one home in the $100,000 range, and ask students if they know anyone who could pay for the house in cash. Explain
that very few homes today are purchased outright. Instead, most people need to borrow money. In this section, students will
compute the amount that is borrowed, which is called a mortgage loan.
L10-2 When applying for a mortgage loan, it is smart to shop around for the lowest rate available. Ask students why people
shop for a low rate. In this lesson, the answer to this question will be clear after students learn how to compute the total
payment, amount paid, and total interest charged.
L10-3 Introduce to students what closing costs are when buying a home.
L10-4 Remind students that the interest charged is included in the monthly payment. Ask if they think the interest portion will
be greater than, equal to, or less than the portion toward the mortgage amount.
L10-6 Ask students if anyone has ever witnessed a house burning or seen the damage fire can do to the contents of a
home. How can the owners of a home damaged by a fire replace the home and their personal belongings?
L10-7 Ask students which of the three houses straw, sticks, or brick they would prefer to insure if employed by an
insurance company. Point out that insurance companies consider the material used in the construction of a house to
compute the premium.
L10-8 Review with students the three costs of owning a home (mortgage, payments, real estate taxes, and homeowners
insurance). Ask students to name some other costs of owning a home (e.g. utilities, repairs, purchases of large appliances)
Guided Practice
Closure
Adaptations for Unique Student Needs: (ELL, Special Education, Gifted, Students who lack support for school)
Extra time, homework, multiple choice test, one-to-one assistance, peer tutoring, shorter assignments, simplified
instructions, visuals, calculator
Assignment(s):
CITW Strategies
Setting Objectives Cues/Questions ISD - Compare
Providing Feedback Advance Organizers ISD - Classify
Reinforcing Effort NLR - Graphic Organizer ISD - Metaphor
Providing Recognition NLR - Kinesthetic ISD - Analogy
Cooperative Learning NLR - Mental Image GTH - Problem Solving
NLR - Pictograph GTH -Investigation
NLR - Physical Model GTH - Systems Analysis
Summarizing GTH -Experimental Inquiry
Note-taking
Homework
Practice