So I go ahead and get the projector running and show a clip
from Futurama about Fry checking his bank account. (See Dan Meyer's Three-Act called Fry's Bank).
Before Fry was transported in time he had 93¢ in his account. It had an interest rate of 2.25%. When Fry heard how much interest his 93¢ had accumulated over 1000 years (it was beeped out for the students so they could to figure it out), he started drooling and dropped on the floor. The students calculated the amount pretty quickly using a basic exponential function A(t) = a(1 + r)t. (We haven't done compounded interest yet.) Then one student asked how much Fry would have in his bank account if he had started with $100 instead of 93¢, so we worked that out. We talked a little about how interest rates might change over time, the effects of inflation, and how much Bill Gates would have in 1000 years at a yearly interest rate of 2.25%. I enjoyed these slight tangents. After that we did another problem, and then I gave them 5 minutes to work on homework. I also gave them an exit slip and I was really surprised at the results – almost everyone felt it was easy!
Before Fry was transported in time he had 93¢ in his account. It had an interest rate of 2.25%. When Fry heard how much interest his 93¢ had accumulated over 1000 years (it was beeped out for the students so they could to figure it out), he started drooling and dropped on the floor. The students calculated the amount pretty quickly using a basic exponential function A(t) = a(1 + r)t. (We haven't done compounded interest yet.) Then one student asked how much Fry would have in his bank account if he had started with $100 instead of 93¢, so we worked that out. We talked a little about how interest rates might change over time, the effects of inflation, and how much Bill Gates would have in 1000 years at a yearly interest rate of 2.25%. I enjoyed these slight tangents. After that we did another problem, and then I gave them 5 minutes to work on homework. I also gave them an exit slip and I was really surprised at the results – almost everyone felt it was easy!
I don’t know what the moral of the story is… Maybe to have
something interesting prepared in case things go south? I was just glad we got
through it and I was able to get the students’ attention back. A little confidence-booster for the future.
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