Mathematical Literacy Finance Grade 10

Introduction

Good day leaners, most if not all of you are familiar with financial documents like water bills, receipts, till slip and other financial documents In todays lesson the focus will be on putting Mathematical literacy into real world and make sense of the terminology used in financial documents. Explain and demonstrate how values appearing in the document have been determined. Analyze and interpret different financial/household document or account. 

Task

Leaners are required to :

TASK1. Identify different types of financial/ household documents or accounts (municipal, telephone, till slips, bank statements).

Task 2. Distinguish between debits and credits on financial statements

Task 3. Explain terms like invoice, debit order and stop order

Process

     Content Notes

 

Grade 10 Mathematical Literacy

Financial Documents & Tariff systems

Class activity – Interpreting documents/ accounts

Mrs. Gwayi received the municipal invoice for electricity and refuse. Study the municipal account below and answer the questions that follow:

 

Image

1. What is her address (including the city that she lives in)? [2]

2. What is her account number? [2]

3. At which four stores or outlets can she pay this invoice? [2]

4. If Mrs. Gwayi wants to query this bill, what number should she phone? [1]

5. According to the bill, when last did Mrs. Gwayi make a payment to the municipality? [1]

6. How much was her last payment? [1]

7. If Mrs. Gwayi receives the invoice on 10 September 2013,

a) What is the minimum amount that she needs to pay immediately?  [4]

b) What additional amount must she pay before 19 September?

8. If Mrs. Gwayi wants to pay her invoice in full, what is the total amount she owes? [2]

Evaluation

1. 145 Gordon Ave, Mowbray, Cape Town, 7853

2. 634812459

3. Absa, Checkers, Shoprite, and the Post Office

4. 086 010 3089

5. 29/07/2013

6. R 349,67

7. a) R 1683,00                   b) R 393,72

8. R 2076,72

Conclusion

Good luck you will get to understand different types of financial documents and concepts used in them like; bill, invoice, debit order and stop order also how they are interpreted and the importance of knowing how to interpret them.

 

Credits

Via Afrika mathematical literacy: grade 10

M.Bali, L.C.D. Waal, A.C Gilfillan, S.G. Ngobeni. North, C. Vermeulen

Pages: 42-45

https://www.youtube.com/watch?v=LCbl-reGRak

https://www.youtube.com/watch?v=lKpBBqeqJoA

 

Teacher Page

Dear leaners I believe the information I gave you is enough for you to understand the topic and complete task, also you can consult other sources for more information.

Teacher: Mr Koba

Email: 217234453@mycput.ac.za