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NSW Curriculum

NSW Education Standards Authority

K–10Mathematics K–10 Syllabus

Record of changes

Implementation for K–2 from 2023 and 3–10 from 2024

Expand for detailed implementation advice

Overview Rationale Aim Outcomes Content Assessment Glossary Teaching and learning support

Content

Early Stage 1

Stage 1

Stage 2

Stage 3

Stage 4

Stage 5

View Life Skills

Teaching advice

Examples

Financial mathematics B

MAO-WM-01
develops understanding and fluency in mathematics through exploring and connecting mathematical concepts, choosing and applying mathematical techniques to solve problems, and communicating their thinking and reasoning coherently and clearly
MA5-FIN-C-02
solves financial problems involving compound interest and depreciation

Related Life Skills content for Stage 5

Recognising money

Financial management

Financial mathematics B

Solve problems involving compound interest and depreciation

Examine compound interest for up to 3 time periods using repetition of the formula for simple interest
Associate the calculation of the total value of a compound interest investment with repeated multiplication, using digital tools
Establish and use the formula $F V = P V {(1 + r)}^{n}$ to find compound interest where $F V$ $=$ future value of the investment, $P V =$ present value of the investment, $r =$ interest rate per time period and $n =$ number of time periods
Solve problems involving compound interest
Compare simple interest with compound interest in practical situations
Use the compound interest formula to establish the depreciation formula $S = V_{0} {(1 - r)}^{n}$ where $S =$ salvage value, $V_{0} =$ initial value of the asset, $r =$ depreciation rate per time period and $n =$ number of periods
Solve problems involving the depreciation of an asset

Related files

Life Skills