• Mathematics
  • Year 9

Financial Mathematics

approx. 8 hrs

3 topics

20 concepts

Develop an understanding of how money and finances work in real life.

Available in
ACT NSW NT QLD SA TAS VIC WA

Overview

Financial Mathematics in Year 9 is a component of the Statistics and Probability strand of the Australian curriculum. Concepts covered in in this learning program include calculating rates of pay (hourly, daily, weekly, fortnightly, monthly, yearly), understanding tax free thresholds and calculating taxable income. In addition, students are taught to calculate simple and compound interest on money borrowed or invested.

Topics & Concepts We Cover

This learning program is made up of the following 3 topics, broken down into 20 concepts.

  • Simple and Compound Interest 7 concepts

    1. Solve problems involving compound interest

    2. Use the compound interest formula to calculate depreciation

    3. Calculate compound interest for two or three years using repetition of the formula for simple interest

    4. Establish and use the formula to find compound interest

    5. Apply the simple interest formula to solve problems related to investing money at simple interest rates

    6. Repaying a reducible interest loan

    7. Calculate simple interest

  • Income 8 concepts

    1. calculate rates of pay given an hourly rate and number of hours worked, including employee timesheets

    2. Interpret pay slips and perform calculations

    3. Calculate earnings for hourly rates of pay, overtime and special allowances

    4. Calculate weekly, fortnightly, monthly and yearly earnings

    5. Calculate leave loading as 17.5% of normal pay for up to four weeks

    6. calculate commission including sliding scale

    7. calculate earnings based on piecework

    8. calculate earnings based on royalties

  • Income Tax 5 concepts

    1. Net income

    2. calcuate medicare levy

    3. Calculate annual taxable income

    4. Calculate tax payable using current tax rates

    5. Determine a worker's tax refund or liability

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 Mathematics

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?

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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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