Use mathematics to investigate and monitor the financial aspects of personal and community life
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.
People credited with this unit standard are able to:
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.