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.