Jacob Bernoulli (1655 - 1705) was one of the many prominent mathematicians in the Bernoulli family. He discovered the fundamental mathematical constant e. However, his most important contribution was in the field of probability, where he derived the first version of the law of large numbers in his work Ars Conjectandi.
PERCENTAGE CHANGE
What does e have to do with compound interest?
Key questions
Do we understand multiplicative reasoning?
Can we increase or decrease by a percentage?
How do we calculate a percentage change?
Can we calculate compound interest?
What are reverse percentages?
Can we solve growth and decay problems?
6 lessons
Specification detail
Literacy
stories that set a frame or background
stories that accompany or intertwine
stories that introduce
stories that explain
stories that ask a question
stories that entertain
The Phantom Tollbooth by Norton Juster
Develop...
repeated percentage change - 2, 3
interest - 2, 4
using percentages to increase quantities - 1, 2, 5, 6
types of interest - 2, 4
growth and decay - 6