Exploring Connections
 Introduction | Calculating Interest | A More Efficient Method | Interest Calculator | Reviewing Connections | Your Journal

What connections did you include on your list? Remember that we were looking for connections within the activity, to other mathematical areas, and to contexts outside mathematics.

 Here are some connections you might have noted: Show Answer
 Sample Answer: Connections among mathematical ideas within this activity: Understanding of how compound interest relates to computational and algebraic procedures Number sense and problem solving when modifying and comparing situations Computations and notation of percentages, including fractional percentages Fractional exponents The limit concept Connections to other mathematical areas: The basic meaning and use of exponents in equations Iterative versus closed mathematical rules Other representations ("What if?" scenarios in table form or graphs) The derivation and other uses of e Connections to contexts outside mathematics: Consumer decisions regarding interest-bearing accounts The concept of "yield" on a fixed-return investment The use of quantitative data to support financial decision-making How the technique of calculating compound interest relates to other financial issues How exponential growth might relate to other real-world phenomena

If you would like to supplement your list of connections, please do so now.