options: Number & Operations - Fractions: students learn to understand fractions as numbers and may work with them using addition, subtraction, multiplication, and division.

Statistics & Probability: students learn to analyze and produce data distributions, and build understanding of univariate and bivariate data. They learn to interpret data, make statistical inferences, justify conclusions, understand rules of probability, and use probability to make decisions.

Number & Operations in Base Ten: students learn to work with the base-ten system and build place value understanding.

Measurement & Data: students learn to work with data and measure attributes such as time, money, length, area, and volume. They may learn to compare measurements to operations and convert between different units of measure.

Modeling: students learn to choose and use appropriate mathematics and statistics to analyze real-world empirical situations, improve decisions, and report on their conclusions and the reasoning behind them.

Number Systems and Quantity: students learn to understand the complex number system and reason quantitatively.

Ratios & Proportional Relationships: students learn to recognize, describe, represent, and reason with ratios, rates, proportional relationships, and percent.

Geometry: students learn to classify geometric figures by their properties, and understand and compare the relationships between them. Students develop and use formulas to compute lengths, areas, and volumes, and they use transformations to generate new shapes and compare existing ones. Geometry can be studied with and without coordinates.

Operations & Algebra: students learn to solve problems using algebraic thinking and operations such as addition, subtraction, multiplication, and division. They may learn to identify and explain arithmetic patterns, evaluate or manipulate numerical expressions, and reason with equations and inequalities.

Counting & Cardinality: students learn to know number names and the count sequence, count to tell the number of objects, and compare numbers.

Functions: students learn to define, use, and evaluate functions to model relationships between quantities.
problem_activity: Task
Most savings accounts advertise an annual interest rate, but they actually compound that interest at regular intervals during the year. That means that, if you own an account, you’ll be paid a portion of the interest before the year is up, and, if you keep that payment in the account, you’ll start earning interest on the interest you’ve already earned.
For example, suppose you put \$500 in a savings account that advertises 5% annual interest. If that interest is paid once per year, then your balance $B$ after $t$ years could be computed using the equation $B = 500(1.05)^t$, since you’ll end each year with 100% + 5% of the amount you began the year with.
On the other hand, if that same interest rate is compounded monthly, then you would compute your balance after $t$ years using the equation $$B=500\left(1+\frac{.05}{12}\right)^{12t}$$
Why does it make sense that the equation includes the term $\frac{.05}{12}$? That is, why are we dividing .05 by 12?
How does this equation reflect the fact that you opened the account with \$500?
What do the numbers 1 and $\frac{.05}{12}$ represent in the expression $\left(1+\frac{.05}{12}\right)$?
What does the “$12t$” in the equation represent?


correct_option_index: 4

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