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Consider the function given by .
The goal of this discussion is for students to see similarities in structure between base-ten numbers and polynomials. Begin by selecting 2–3 students to explain their thinking about the last question. If not brought up in students’ explanations, display the graphs of and on the same axes using a window where the intersection of the two graphs is visible, and ask students about the meaning of the point of intersection . (When , each side of the equation is equal to 5640, so is a solution to the equation .)
Tell students to close their books or devices (or to keep them closed). Arrange students in groups of 2. Use Three Reads to support reading comprehension and sense-making about this problem. Display only the problem stem without revealing the questions.
After the third read, reveal the first two questions on writing an expression for the total value after graduation in terms of and ask, “What are some ways we might get started on this?” Invite students to name some possible starting points, referencing quantities from the second read. (I would try to figure out the total value after three years. I would make a table.)
Give students time to complete the rest of the activity, followed by a whole-class discussion. Graphing technology is needed for every student.
At the end of 8th grade, Clare’s aunt started investing money for her to use after graduating from high school four years later. The first deposit was \$300. If is the annual interest rate of the account, then at the end of each school year the balance in the account is multiplied by a growth factor of .
If Clare’s aunt had invested another \$500 at the end of her freshman year, what would the expression be for the total value after graduation in terms of ?
Suppose that \$250 was invested at the end of sophomore year, and \$400 at the end of junior year in addition to the original \$300 and the \$500 invested at the end of freshman year. Write an expression for the total value after graduation in terms of .
is the total amount in the account, in dollars, after four years, given a growth factor of . If the total Clare receives after graduation is , use a graph to find the interest rate that the account earned.
If students need some guidance making sense of why the variable is used instead of , which is the annual interest rate, consider asking:
The purpose of this discussion is to make sure students understand how the function represents the different amounts that were invested each year over the course of 4 years. Select 1–2 students to share their work figuring out the expression for the question about what happens when different amounts (\$300, \$500, \$250, \$400) are invested each year.
Focus the rest of the discussion on the final question. If possible, display the graphs students used to estimate the interest rates for all to see. Ask how they decided on the window to use for their graphs in order to see the point of intersection. (Some students may have used a “zoomed out” view and then revised their horizontal and vertical ranges to focus on the point of intersection, while others may have set the vertical range based on knowing the -value is 1,580 and then set their horizontal range to show between 1 and 2.) If time allows, ask what a reasonable domain for this function would be. (If is 1 or less, then must be 0 or less, which doesn’t make sense as an interest rate.)