Objective
By the end of this lesson, you will be able to confidently solve problems related to probability, earth geometry and time zones, and loans and compound interest using Mathematics of Finance and Mathematics of Travelling.
Materials and Prep
- Paper and pencil
- Calculator
- Basic understanding of algebra and geometry
Activities
- Probability Fun: Roll a dice and calculate the probability of rolling a specific number. Try different combinations and see how probability changes.
- Earth Geometry Exploration: Research how the Earth's geometry affects time zones. Create a visual representation to understand the concept better.
- Finance Challenge: Calculate compound interest on a loan using different interest rates and time periods. Explore how your money grows over time.
- Travel Math Adventure: Plan a trip around the world and calculate the time differences between different cities. Understand how time zones work in real-life scenarios.
Talking Points
- Probability: "Probability is a way of expressing how likely an event is to happen. It ranges from 0 (impossible) to 1 (certain)."
- Earth Geometry and Time Zones: "The Earth is divided into 24 time zones, each representing a different hour of the day. This division is based on the Earth's rotation and geometry."
- Loans and Compound Interest: "When you borrow money, you have to pay back the original amount plus interest. Compound interest means you earn interest on both the initial amount and the interest that has been added."
- Mathematics of Travelling: "When you travel across different time zones, you experience changes in time. It's important to understand how time zones work to plan your trips effectively."