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NSW Curriculum

NSW Education Standards Authority

K–10Mathematics K–10 Syllabus (2022)

Record of changes

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

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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 Loading for up to 3 time periods using repetition of the formula for Loading
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 Loading of an asset

Related files

Life Skills