Objective
By the end of this lesson, you will be able to use multiply and divide fact families with money in real life situations.
Materials and Prep
- Pen and paper
- Play money (coins and bills)
- Basic understanding of multiplication and division
Activities
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Activity 1: Shopping Spree
Imagine you have $20 to spend at a store. Create a list of items you want to buy and calculate the total cost. Then, use fact families to figure out how much change you will get back.
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Activity 2: Lemonade Stand
Set up a pretend lemonade stand and decide on prices for your lemonade cups. Practice using fact families to calculate how much money you will make if you sell a certain number of cups.
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Activity 3: Sharing Money
Divide a sum of money amongst your family members using fact families. For example, if you have $30 and want to share it equally between 3 people, how much will each person get?
Talking Points
- "Let's use our math skills to go on a shopping spree with our play money!"
- "When we multiply, we are adding equal groups together. For example, if we have 4 quarters and we multiply by 3, we have 4 + 4 + 4 quarters."
- "Now, let's flip it around. When we divide, we are sharing equally. If we have 12 dimes and we want to divide them into 3 groups, each group will have 4 dimes."
- "Remember, fact families help us understand the relationship between multiplication and division. They work together like a team!"