The content descriptions relevant to "Consumer and Financial Literacy" are drawn from the strands Number and Algebra, and Statistics and Probability. These strands give students opportunities to ‘think and do’ mathematics in contexts that are real and engaging. For example, students might be asked to calculate goods pre-GST and GST-inclusive; calculate the money they save by purchasing an item on sale or at a discounted price; evaluate profit/loss as a percentage; investigate how retail prices are inflated to improve profit percentage.
'Financial mathematics' is used in important areas relating to an individual's daily financial transactions, money management, and financial decision making. Such areas include earning and spending money (e.g. calculating 'best buys', discounts, GST, personal taxation, profit and loss, investing money).
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Students in this Unit of Work will be using the Year 8: Jacaranda Maths Quest 8 AC 3e learnON & Print [ISBN: 9780730346746; Publication Date: November 2017]. Homework or follow up activities that refer to 'Textbook' will be in reference to this edition.