Use mathematics to investigate and monitor the financial aspects of personal, business and national issues (Free Preview)

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US No. 7456

NQF Level 03
Credits  5

Purpose:
This unit standard will be useful to people who aim to achieve recognition at some level in Further Education and
Training or to meet the Fundamental requirement of a wide range of qualifications registered on the National
Qualifications Framework.

Unit standard range:
Use mathematics to plan and control personal and/or household budgets and income and expenditure.
Use simple and compound interest to make sense of and define a variety of situations including investments, stokvels, inflation, appreciation and depreciation.
Investigate various aspects of financial transactions including costs, prices, revenue, cost price, selling price, loss and profit.

Outcomes:

  1. Use mathematics to plan and control personal, regional and/or national budgets and income and expend
  2. Use simple and compound interest to make sense of and define a variety of situations.
  3. Use mathematics to debate aspects of the national economy.

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