OBJECTIVES & STANDARDS
Math Objectives
Solve systems of linear equations by elimination
Compare solution methods for systems of linear equations
Common Core Math Standards
Personal Finance Objectives
Make cost-benefit decisions
Plan and budget for near-term savings goals
National Standards for Personal Financial Education
Saving
9b: Identify strategies to manage psychological and emotional obstacles to saving
DISTRIBUTION & PLANNING
Distribute to students
OBJECTIVES & STANDARDS
Math Objectives
Solve systems of linear equations by elimination
Compare solution methods for systems of linear equations
Common Core Math Standards
Personal Finance Objectives
Make cost-benefit decisions
Plan and budget for near-term savings goals
National Standards for Personal Financial Education
Saving
9b: Identify strategies to manage psychological and emotional obstacles to saving
DISTRIBUTION & PLANNING
Distribute to students
QUESTION OF THE DAY: Which savings strategy is most effective?
Write your answer to the question below. Then, compare your answer to the answer on the second slide. Finally, follow your teacher’s directions on how to answer the follow-up questions below. You may assume there are 30 days in a month for this saving example.
Which savings strategy is most effective:
Saving $5 per day?
Saving $35 per week?
Saving $150 per month?
For the following problems, choose the solving method that you think is most appropriate and state the reasons why you made that choice.There may be more than one method that works. You do NOT need to solve the problem.
y = 2x + 1
y = 6 - 3x
APPLICATION: Business Decisions and Solving by Elimination
Sibling Savings
Leyla and her sister Maryam are excited to begin saving for a new bike they can share. Their aunt said that if they saved up enough money, she would split the cost with them and pay for half. The new bike will cost $110 total.
The girls concluded that they would have just enough if they saved the money from 2 days’ worth of Leyla’s paper route and 3 days’ worth of Maryam’s dog walking job. Maryam has to work a little more because her dog walking job pays $5 less than Leyla’s paper route. How much do the paper route and dog walking jobs each earn per day?
Would their wages be higher or lower if it actually took them 3 days of Leyla’s paper route and 5 days of Maryam’s dog walking job?
Choose whether you would use substitution, elimination, or both to solve the following systems of equations and why.
x - 2y = -7
2x + 5y = 8
Choose whether you would use substitution or elimination to solve the following systems of equations and why.
5x - 3y = 16
3x + 6y = 18
Choose whether you would use substitution or elimination to solve the following systems of equations and why.
x = 4y + 6
2x + y = 2
Choose whether you would use substitution or elimination to solve the following systems of equations and why.
2y = -4x - 14
2x + 10 = y
Why do you think the winning strategy is more effective than the others?
How can you compare these three savings strategies that all have different time frames?
What do you notice about the amount saved per month for each of the three saving strategies?
What strategy saves the most in a year? How much does it save?
What do you think the results of this study say about how much saving has to do with math and how much saving has to do with your mindset?
Solving Systems by Elimination
So far, you have learned how to solve systems of equations by graphing and by using substitution. We will look at a third method here.
Like substitution, the elimination method is an algebraic method that allows you to find a numerical answer to a system of equations.
For the following problems, choose the solving method that you think is most appropriate and state the reasons why you made that choice.There may be more than one method that works. You do NOT need to solve the problem.
x + 3y = 7
2x + 3y = 11
For the following problems, choose the solving method that you think is most appropriate and state the reasons why you made that choice.There may be more than one method that works. You do NOT need to solve the problem.
3x - 2y = -7
2x + 5y = 8
For the following problems, choose the solving method that you think is most appropriate and state the reasons why you made that choice.There may be more than one method that works. You do NOT need to solve the problem.
3x - 2y = -7
2x + 5y = 8
