Lesson 53 — Solving Applied Linear Problems in Financial Contexts
Strand: Algebra | Descriptor: AC9M8A03 | Duration: 45 minutes
Learning Intentions
- To solve linear equations that arise from financial models, both by evaluating for a known input and by rearranging to find an unknown input.
- To find the break-even point between two competing linear models by setting them equal and solving.
Success Criteria
I can:
- Evaluate a linear model to find the output for a given value of the independent variable.
- Solve a linear equation to find the input value that produces a target output.
- Set two linear expressions equal to each other and solve to find where two models agree.
- Decide whether a question calls for evaluating or solving, and justify the choice.
Warmup
(5 minutes — quick-fire, mini whiteboards)
Recall the modelling cycle from Lesson 51:
| Stage | What happens |
|---|---|
| 1. Formulate | Translate the real situation into mathematics. |
| 2. Represent | Choose a table, graph, equation or description. |
| 3. Solve | Use algebra or graphing to answer the mathematical question. |
| 4. Interpret | Translate the mathematical answer back into the real situation. |
| 5. Evaluate | Check whether the model is reasonable, and refine it if needed. |
Today we focus on Stage 3: Solve. (Lessons 54 and 55 take Stages 4 and 5; Lesson 56 puts the whole cycle together.)
- Bolt Mobile:
. Find when . - FitZone:
. Estimate how many whole weeks 200$ buys, before calculating exactly.
Discussion: Question 1 gave you the input and asked for the output — that’s evaluating. Question 2 gave you the output ($200) and asked for the input — that’s solving. Both start from the same equation; only the direction of travel differs.
Activities
Activity 1 — Explicit Instruction: Evaluating versus Solving (12 min)
I do: Courier model from Lesson 51 enrichment:
Evaluate for
A
Solve for
A
We do: FitZone gym,
You do:
- Plumber:
. Evaluate for . Then solve for given . - Taxi:
. Evaluate for . Then solve for given .
Activity 2 — Explicit Instruction: Solving for the Break-even Point (12 min)
Recall from Lesson 52 that two competing models plotted on the same axes appear to cross at a break-even point — the input value where both give the same output. Today we find that point exactly, by solving.
I do: Rideshare companies from Lesson 52: Company A
The lines cross at
We do: Together, phone plans
You do: Car hire from Lesson 52: Option A
Activity 3 — Inquiry Task: Comparing Two Lawn-mowing Businesses (11 min)
Pairs, then whole-class share.
GreenCut charges a
35 $0.50 $20 $0.65 250\ \text{m}^2$ lawn.
Find, algebraically, the lawn area at which the two businesses charge the same amount. Then determine which business is cheaper for the homeowner’s lawn.
Socratic scaffolding:
| Prompt | Purpose |
|---|---|
| Understand: what does “charge the same amount” mean mathematically? | The two cost expressions are equal — set them equal to each other. |
| What is the independent variable here? | Lawn area, |
| Devise a plan | Write both cost expressions, set them equal, and solve for |
| Carry out the plan | |
| Look back — does this answer the homeowner’s actual question? | Not yet — it gives the break-even area, not which business suits her specific |
| How do you use the break-even value to answer the real question? | Compare |
At
Checks for Understanding
(5 minutes — exit ticket, collected)
- Given
, evaluate for . - Given
, solve for given . - Two market stalls charge
and . Solve for the break-even value of . - Reasoning. A student is asked, “How much would a
kg parcel cost?” and also “What mass of parcel costs 41$?” Explain, without calculating, which question requires evaluating and which requires solving.
Answers: 1.
Common Misconceptions
| Misconception | How to pre-empt it |
|---|---|
| ”Solving” and “evaluating” are the same thing. | Explicitly name the direction of travel each time: known input → output (evaluate); known output → input (solve). |
| When solving, students substitute the target value into the wrong side of the equation. | Model writing the full equation first (e.g. |
| At a break-even point, students solve but forget it is a value of the independent variable, not the cost. | After solving, ask “what does this number actually count?” before moving on. |
| Sign errors when collecting variable terms on one side (e.g. | Rewrite the step explicitly: “subtract the smaller coefficient term from both sides,” and check the sign every time. |
| Recurring decimals (e.g. | Discuss appropriate rounding in context immediately — this is the bridge to Lesson 54’s focus on interpretation. |
Enrichment — Competition-Style Problems
E1 (AMC Junior style). Two phone plans are
Answer
E2 (Kangaroo style). A tank contains
Answer
One-third of
E3 (Challenge). A courier charges
Answer
Break-even:
Homework
- Given
, evaluate for . - Given
, solve for given . - A caterer charges
. Solve for the number of guests, , if the total bill was 472$. - Two savings plans are
and . Solve for the value of at which the two balances are equal. - Reasoning. Explain, in your own words, why solving an equation such as
can be thought of as “undoing” the steps used to evaluate the expression, in reverse order. - Challenge. A parking station charges
. A second station charges a flat 29 3$-hour stay.
Answers: 1.