- Mathematics General
- Year 11
Financial Mathematics
approx. 12 hrs
5 topics
36 concepts
Master Financial Mathematics to approach your examinations with confidence and get the marks you're looking for.
approx. 12 hrs
5 topics
36 concepts
Master Financial Mathematics to approach your examinations with confidence and get the marks you're looking for.
Financial Mathematics covers a range of essential skills pertaining to financial concepts as described in the Australian curriculum for General Mathematics. In Year 11 Financial Mathematics, we help students with concepts including taxation, annuities, investing and managing money. We show students how to select and apply rules and processes to solve a range of practical problems up to a complex level.
This learning program is made up of the following 5 topics, broken down into 36 concepts.
Net income
Calculate leave loading as 17.5% of normal pay for up to four weeks
Calculate weekly, fortnightly, monthly and yearly earnings
Calculate earnings for hourly rates of pay, overtime and special allowances
evaluate a prepared budget
preparing a budget (weekly/monthly) including income, expenses and savings
calculate earnings based on royalties
calculate earnings based on piecework
calculate commission including sliding scale
For fixed principals, using tables of values, drawing and describing graphs of (A) against (n)for differing values of (r)
Calculating the appreciated value of items such as stamp collections, memorabilia
Extrapolating from a graph of share performance to suggest possible future movement
Using the simple interest formula
Calculation of dividend paid on a share holding and the dividend yield, excluding franked dividends
Effect of inflation on the cost of goods and wages
Calculating future and present value of an investment from prepared tables
Use of formulae to calculate future value, compound interest and present value
Model and interpret a simple interest investment
Creating graphs to illustrate and describe different tax rates
Calculate tax payable using current tax rates
Calculate annual taxable income
calcuate medicare levy
Determine a worker's tax refund or liability
Calculate GST-inclusive prices for goods purchased in Australia
Use of formulae to calculate principal, interest and repayments for flat-rate loans
Use table of loan repayments to calculate values
Calculate the cost of using a credit card with and without interest-free periods
Use of formulae to calculate the future value of an annuity
Interpret graphs that compare two or more repayment options for home loans
Use of tables to calculate the present value of an annuity
Use of tables to calculate monthly loan repayments
Use of tables to calculate the future value of an annuity
Use of formuale to calculate monthly loan repayments
Use of formulae to calculate the present value of an annuity
Read and interpret an amortisation table for annuities
Use a Financial Solver to solve perpetuity problems
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