Posts
My Mathematical Year
Three ways I have grown and improved: I know what an inequality is I know (the basics of) algebra I know how to make a model for multiplying fractions I am most proud of my millionaire project.
V&P Check Up 3 Reflection
This shows I know what to do and how to do it. This shows I need to review my answers.
Water Project
WEEK ONE: This week, Aria and I created The Water Project blog and got our first awareness post done. We also began planning our product to sell to raise money, and we're calling our fund 'Beads for H2O'. Beads for H2O sales poster We will make jewelry (bracelets, hand chains, etc.) and sell them in our condo every other day starting next week. We also plan to sell at school for a day. Hand Chain Bracelet All the beads used will be in the 'water' color scheme, and will include light bronze, aquas, and turquoises. Hopefully we'll be able to make at least S$160 to give to The Water Project fund by the end of our project! WEEK TWO: This week, I changed my plan a little bit. Instead of just bracelets and hand chains, I will also be making handmade cards since Mother's day is on May 8, and coming up fast. I also updated the pricings because I thought our prices were too high and no one would by a hand chain for EIGHT DOLLARS . New Bea...
Personal Finance Project
What did you already know? I didn't know anything about about the befit of starting early, interest or compound interest. What did you learn? (from the project? from your parents?) Yes, I learned a lot. I learned about things I didn't know, like interest (normal and compound), what the the befit of starting early was, and also how to use Google Spreadsheets! How might this affect what you do in the future? I probably will start saving in a bank soon, so when I retire all those years from now, I will have a lot of money and be RICH! What is one thing you wonder after doing this project? I really wonder about the history behind interest. I also wonder why we did this project, because I just popped in the middle of the unit, and we had a summative test two days after we turned it in so I barely had time to study.
My Family's Water Usage
What is your family's average monthly water usage in cubic meters for the past six months? 19.62 cubic meter The national average of monthly water use for households in Singapore is 33.4 cubic meters. (If you live in a condo the national average is around 15.3 cubic meters) - Is your family above or below the average? - How much above or below the average? - What percentage above or below the average? My family is below the average by 4.32 cubic meters, about 4% above the average. What was your family's lowest month of usage? Can you think of any explanation why it might have been lower? Our lowest month was February (7.20 cubic meters). I thinks it's because we were on vacation and we left our home for a week (I think). What was your family's highest month of usage? Can you think of any explanation why it might have been higher? Our highest month was November, and I think so because I remember we had some family...
Do YOU want to be a MILLIONAIRE?
Do you want to be a MILLIONAIRE by the time you retire? Well, if you do, I'll tell you how! It's simple, and everyone can do it! All you have to do start saving at an early age, put away money every year in a bank account that earns interest, and enjoy the benefit of compound interest! What is interest and how do you calculate it? Intrest is the money that your money gets for being in the bank for a period of time. As an example, if you earn 5% interest per year on saving of $1000, you earn $50 intrest (see picture #1 below) in the first year. This means your money grows to $1050 ($1000 principal + $50 interest) by the end of the first year! The higher the rate of interest, the faster your money will grow! So, if you earn 6% interest on $1000 instead of 5%, then you earn $10 extra ($60 at 6% interest vs $50 at 5% interest)! Picture #1 What ar...