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    33 views15 pages

    Notes - Financial Math

    Uploaded by

    api-233913144

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 15

    Unit1FinancialMaths.

    notebook February15,2017

    l M a t h s
    Fin a nc i a

    1
    Unit1FinancialMaths.notebook February15,2017

    EarningMoney
    LearningIntention: NetWage

    Understandhowsalaryandwagesarecalculated Wageaftertaxand
    Terminology Profit
    deductionsaretakenout

    Wages
    Usuallyapercentageofthe GrossWage
    Apaymentforaweeks costpriceaddedonforretailers
    workandiscalculatedon Wagebeforetaxand
    anhourlybasis deductionsaretakenout
    Commission

    Salary Apercentageofthevalueof
    Paymentforayearswork thegoodssold.Oftenpaid CostPrice
    whichisdividedinto extratoafixedwage.
    monthly,fortnightlyor Thewholesalepricebefore
    weeklypayments
    beingsoldforaprofit

    Timeandahalf/
    Doubletimepay SalePrice

    Thepriceafteraprofit
    Oneandahalfortwiceyour marginisaddedor
    normalhourlyrate discountistakenoff

    SuccessCriteria:
    Icancalculatewagesandsalariesfromhourlyrates,includingovertimeandbonuses

    2
    Unit1FinancialMaths.notebook February15,2017

    LearningIntention:
    Understandhowsalaryandwagesarecalculated

    SuccessCriteria:
    Icancalculatewagesandsalariesfromhourlyrates,includingovertimeandbonuses

    3
    Unit1FinancialMaths.notebook February15,2017

    LearningIntention:
    Understandhowsalaryandwagesarecalculated

    GuidedPractice
    AB
    Jadeearns$8.00perhourforworkingatMcDonalds.
    OvertheChristmasholidayssheworkedaweekwith,65hrs
    atnormalrate,5hoursattimeandahalfand2hoursdouble
    CalculateChloe'sholidayloading.
    timeonBoxingDay.CalculateherWAGEfortheholidays.

    SuccessCriteria:
    Icancalculatewagesandsalariesfromhourlyrates,includingovertimeandbonuses

    4
    Unit1FinancialMaths.notebook February15,2017

    LearningIntention:
    Understandhowsalaryandwagesarecalculated

    IndependentPractice

    Challenge
    Exercise1CQuestions1,2,3,4d,5,7,912,14

    SuccessCriteria:
    Icancalculatewagesandsalariesfromhourlyrates,includingovertimeandbonuses

    5
    Unit1FinancialMaths.notebook February15,2017

    Taxation

    6
    Unit1FinancialMaths.notebook February15,2017

    (onnextpage)

    7
    Unit1FinancialMaths.notebook February15,2017

    Taxation

    DeterminetheTaxpayableforan
    incomeof$45000?

    8
    Unit1FinancialMaths.notebook February15,2017

    9
    Unit1FinancialMaths.notebook February15,2017

    Usethe200162017tablefromtheATOwebsiteforresidentsandforeignresidentsforthisquestion.

    10
    Unit1FinancialMaths.notebook February15,2017

    SimpleInterestisinterestcalculatedontheoriginalPrincipalborrowedorinvested.
    ThePrincipal(P)istheamountofmoneyborrowedorinvested.
    TheRateofInterest(R)istheannualpercentagerateofinterestpaidontheloanorinvestment

    I=InterestCalculated
    I=PRT
    P=PrincipalborrowedorInvested
    R=RateofInterest
    T=TimeInvested(numberofinterestperiodscalculated)

    11
    Unit1FinancialMaths.notebook February15,2017

    12
    Unit1FinancialMaths.notebook February15,2017

    I = $100 P = $8000 R = 10% p.a T = 3.5 years


    P = $6200 R = 8% p.a T = ? years
    I=?

    T = 6 months
    R = 6.5% p.a
    I = $250 P = $?

    P = $15000 T = 30 months
    I = $520
    I=PRT
    R = ? % p.a

    13
    Unit1FinancialMaths.notebook February15,2017

    14
    Unit1FinancialMaths.notebook February15,2017

    IndependentPractice

    Exercise1F
    Questions:3,7,8,10,12

    15

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