Ontario Curriculum
A.3.1: identify and describe various incentives in making purchasing decisions (e.g., 20% off; 1/3 off; buy 3 get 1 free; loyalty rewards; coupons; 0% financing)
A.3.9: describe and compare, for different types of transactions, the extra costs that may be associated with making purchases (e.g., interest costs, exchange rates, shipping and handling costs, customs duty, insurance)
B.2.1: determine, through investigation using technology (e.g., calculator, spreadsheet), the effect on simple interest of changes in the principal, interest rate, or time, and solve problems involving applications of simple interest
B.2.2: determine, through investigation using technology, the compound interest for a given investment, using repeated calculations of simple interest for no more than 6 compounding periods
B.2.3: describe the relationship between simple interest and compound interest in various ways (i.e., orally; in writing; using tables and graphs)
B.2.4: determine, through investigation using technology (e.g., a TVM Solver in a graphing calculator or on a website), the effect on the future value of a compound interest investment of changing the total length of time, the interest rate, or the compounding period
B.2.5: solve problems, using technology, that involve applications of compound interest to saving and investing
B.3.1: gather, interpret, and compare information about the effects of carrying an outstanding balance on a credit card at current interest rates
B.3.3: calculate, using technology (e.g., calculator, spreadsheet), the total interest paid over the life of a personal loan, given the principal, the length of the loan, and the periodic payments, and use the calculations to justify the choice of a personal loan
C.2.1: determine distances represented on maps (e.g., provincial road map, local street map, Web-based maps), using given scales
Points in the Coordinate Plane
Correlation last revised: 9/16/2020