Calculating interest and completing repair orders

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Calculating interest and completing repair orders

Assessment description

This assessment asks students to: a) Build and price a car online. They then calculate the cost of borrowing with an annuity, compound, and simple interest. They decide which they feel is their best borrowing option and explain why. b) Complete a repair order for a fictional job. They look up costs for parts and labor, subtotal their results, and apply tax. This is used as the third of four homework assignments for 5% on the final mark. Two parts, each worth 50%. Scaffolding up to final question in each part with marks along the way.

Taxonomy and type

Blooms’ cognitive levels:   

Assessment type:  Formative, Summative 

Source of assessment

Rethinking Assessment Strategies for Online Learning: Exemplar Collection

https://ecampusontario.pressbooks.pub/rethinkingassessmentexemplarcollection/chapter/calculating-interest-and-completing-repair-orders/

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