• Mathematics General
  • Year 11

Financial Arithmetic

approx. 13 hrs

7 topics

20 concepts

Build mastery of Financial Arithmetic to solve practical financial problems.

Available in
VIC

Overview

In this learning program, students will confidently apply simple interest and compound interest within a range of financial contexts. Students will explore the impact of inflation on costs and purchasing power of money over time. Review of percentage increase and decrease will facilitate mastery of calculating dividend yield from shares.

Topics & Concepts We Cover

This learning program is made up of the following 7 topics, broken down into 20 concepts.

  • Percentage Change 7 concepts

    1. Calculate the cost price, given the selling price and percentage profit/loss

    2. Calculate the selling price, given the percentage profit/loss and the cost price

    3. Calculate percentage change including profit and loss

    4. Calculate discounts or markups

    5. Solve problems involving repeated percentage change

    6. Decrease a quantity by a percentage

    7. Increase a quantity by a percentage

  • Goods and Services Tax 3 concepts

    1. Calculate the Goods and Services Tax (GST)

    2. Calculate pre-GST amount of goods and services using the unitary method

    3. Calculate GST-inclusive prices for goods purchased in Australia

  • Applications of simple interest 1 concept

    1. Using the simple interest formula

  • Applications of compound interest 2 concepts

    1. Calculate compound interest using different compounding periods

    2. Establish and use the formula to find compound interest with annual time periods

  • Effects of Inflation 2 concepts

    1. Effect of inflation on purchasing power

    2. Effect of inflation on the cost of goods and wages

  • Working with shares 2 concepts

    1. Application of the price to earnings ratio

    2. Calculation of dividend paid on a share holding and the dividend yield, excluding franked dividends

  • Purchase options 3 concepts

    1. Calculations based on hire-purchase agreements

    2. Analysing a personal loan

    3. Calculate the cost of using a credit card with and without interest-free periods

What you'll get

Learning Content

  • A customised learning plan to suit your needs, adapting to your pace as you learn, progress and achieve mastery
  • All the content required to help you master the syllabus, including theory, worked examples, exam preparation and practice questions

An Expert Tutor

  • We match you to a private, expert tutor who is right for your needs and goals
  • Our tutors are talented, tested, top ATAR achievers and subject experts
  • During each session, your tutor guides you through your learning program, providing real-time, live expert tutoring in Financial Arithmetic

Reporting

  • Access information at every stage showing what's been mastered, what areas need to be worked on and what's next
  • You and your parents receive a comprehensive feedback report after every session
  • Every session is recorded and available for you to watch at any time, allowing you to review what was covered

Ready to start this program?

Simply pick a time that works for you

Add your payment details securely online

We'll book in your first session and match you to an expert tutor

Starting at

$49(inc. GST)

per session

Fully flexible

PAYG and bundle plans

Use anytime

Access to practice questions

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