HSC Year 11 Mathematics Standard Financial Mathematics
Course

HSC Year 11 Mathematics Standard – Financial Mathematics

3.1 Interest Rates
3.2 Earning Money
3.3 Taxation
3.4 Spending Money

32 Lessons

Course Materials

INTEREST RATES

Simple Interest or Flat Rate Interest

Simple Interest Applications

Compound Interest Formula

Compound Interest

Compound Interest Applications

Depreciation in Value

EARNING MONEY

Salary

Wages

Comparing Prices for Best Buy

Hire Purchase

Overtime and Special Allowances

Annual Leave Loading

Commission

Piecework

Royalties

Gross Pay, Net Pay and Deductions

TAXATION

Converting a Percentage to a Fraction and to a Decimal

Calculating Percentages

Applications of Percentages

Allowable Deductions

Taxable Income

Medicare Levy

Calculating Tax

GST (Goods and Services Tax)

Graphing Tax Rates

SPENDING MONEY

Budgeting

Discount

Profit and Loss