Support · Mathematics Standard 11–12 – Year 12 – Standard 2 · Investment and loans
Support Solve problems involving reducing balance loans including calculating the total amount paid, monthly repayments, amount still owing and the time taken to repay the loan
Resources for the prerequisite content of this dot point: earlier-stage (or earlier sub-level) dot points in the same strand that students usually need first. Use these to fill gaps before or alongside the core lesson.
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Prerequisite dot points
Examine the principles behind short-term loans involving small dollar amounts and compare borrowing costs associated with using these products
Stage 5 · Financial mathematics A Draft mapping
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