Financial mathematics A
Mathematics K–10 (2022) · Stage 5 · View this focus area on the NESA NSW Curriculum website ↗
Outcomes
MA5-FIN-C-01 solves financial problems involving simple interest, earning money and spending moneyContent dot points
Each dot point has its own page with resources matched to it.
Solve problems involving earning money
- Solve problems involving wages given an hourly rate of pay including penalty rates for overtime, weekends and public holidays 2 resources
- Calculate earnings from non-wage sources exploring commission, piecework and royalties
- Calculate weekly, fortnightly, monthly and yearly earnings assuming 1 year = 52 weeks
- Calculate leave loading by finding a percentage of eligible normal pay
- Investigate sources of published tables or online calculators and use these to calculate the weekly, fortnightly or monthly tax to be deducted from a worker’s pay under the Australian Pay-As-You-Go (PAYG) taxation system
- Determine annual taxable income by exploring allowable deductions and current tax rates 2 resources
- Calculate net earnings after deductions and taxation
Solve problems involving simple interest
- Establish and use the formula I = Prn to find simple interest where I =simple interest, P =principal, r =interest rate per time period and n = number of time periods 3 resources
- Apply the simple interest formula to solve problems related to investing money at simple interest rates, both algebraically and graphically 3 resources
Solve problems involving spending money
- Calculate the cost of buying items on terms, by paying an initial deposit and making regular repayments
- Examine payment options involving buy now, pay later and investigate the costs associated with these schemes for purchasing goods
- Examine the principles behind short-term loans involving small dollar amounts and compare borrowing costs associated with using these products
Focus area resources
Stage 5 planning resources
Stage- or course-wide documents (scope and sequences, guides) that cover this focus area alongside others.
- Unit/PlanningSample scope and sequence: Stage 5 core and selected paths (NESA no. 03)
- Unit/PlanningSample scope and sequence: Stages 4–5 core and selected paths (NESA no. 04)
- Unit/PlanningSample scope and sequence: Stage 5 core and all paths (NESA no. 05)
- Unit/PlanningSample scope and sequence: Stage 5 core (NESA no. 02)
- Unit/PlanningSample scope and sequence: Stage 5 core and selected paths (NESA no. 06)
- Unit/PlanningSample scope and sequence: Stage 5 core and selected paths (NESA no. 01)
- Unit/PlanningSample scope and sequence: Stages 4–5 stage based (NESA no. 08)
- Unit/PlanningStage 5 – sample scope and sequence
- Unit/PlanningStage 5 – stage based – sample scope and sequence