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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

Content

Stage 5

Financial mathematics A
Solve problems involving earning money
  • Solve problems involving wages given an hourly rate of pay including penalty rates for overtime, weekends and public holidays

  • Calculate earnings from non-wage sources exploring commission, piece work and royalties

  • Calculate weekly, fortnightly, monthly and yearly earnings assuming 1 year = 52 weeks

  • Calculate leave loading by finding a percentage of eligible normal pay

  • Investigate sources of published tables or online calculators and use these to calculate the weekly, fortnightly or monthly tax to be deducted from a worker’s pay under the Australian Pay-As-You-Go (PAYG) taxation system

  • Determine annual taxable income by exploring allowable deductions and current tax rates

  • Calculate net earnings after deductions and taxation

Solve problems involving simple interest
  • Apply the simple interest formula to solve problems related to investing money at simple interest rates, both algebraically and graphically

Solve problems involving spending money
  • Calculate the cost of buying items on terms, by paying an initial deposit and making regular repayments

  • Examine payment options involving buy now, pay later and investigate the costs associated with these schemes for purchasing goods

  • Examine the principles behind short-term loans involving small dollar amounts and compare borrowing costs associated with using these products

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