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The Million $ Mission

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Subjects

  • Math

Grade

  • 3-5
  • 6-8
  • 9-12
  • Gifted & Talented
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Brief Description

Students figure out whether it's more profitable to start with a penny and double their money every day for a month or to accept $1 million on the first of the month.

Objectives

Students calculate whether it is possible to earn $1 million or more in one month.

Keywords

fun, puzzle, brainteaser, calculation, computation

Materials Needed[shopmaterials]

  • calculators (at least one per group), paper, pens or pencils

Lesson Plan

  • Motivation: Pose this question to students: "Suppose someone offered to pay you one penny on the first day of the month, then double your wages each day for 29 more days OR $1million to work on a special project. Which would you choose?" Solicit responses from students.
Extension: Have students calculate the wages for 31 days (more than $21 million).

Assessment

Evaluate students on their participation and their reactions upon completing the lesson.

Lesson Plan Source

Education World

Submitted By

Marguerite Arseneaux

National Standards

Math:
NM.5-8.1
NM.5-8.7
NM.9-12.2
NM.9-12.1


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