Financial mathematics
Apply percentages and interest formulas to solve problems involving simple interest, compound interest, and earning money.
Number and Algebra · MA5-NAF-C-01
Sub-topics
Simple interest
Use the simple interest formula to calculate interest and find unknown values in financial problems.
Compound interest
Calculate compound interest using A = P(1 + r)^n, find the interest earned, and solve problems involving an unknown principal or number of periods.
Earning money
Calculate wages, salaries, and overtime pay; compare different earning scenarios and find net pay after deductions.
Budgeting and applications
Apply percentage increase and decrease to prices and incomes; analyse budget scenarios; solve multi-step financial problems involving saving and spending.