Reason For Learning
One of the key outcomes for VCAL Numeracy is in personal organisation with respect to matters concerning money and time. These are important life skills as imperative for any future employment undertaken. This learning activity looks at ways in which you can reach a savings goal and calculate your money and earnings.
There are a number of learning intentions associated with this outcome involving calculation of money related to buying and selling items, working out what you should be paid, calculation of tax and reading and understanding statements such as bills, pay slips etc. Students will use online tools to examine the effect of compound interest in savings as well as credit cards and other loans. In addition they will look at how to calculate their pay.
Key Vocabulary Terms