7469 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.

NQF Level 2 - 2 Credits

This unit standard replaces:
This unit standard does not replace any other unit standard and is not replaced by any other unit standard.

Learning assumed to be in place and recognition of prior learning
The credit value is based on the assumption that people starting to learn towards this unit standard are competent in Mathematics and Communications at NQF level 1.

Unit standard range
Range statements are provided for specific outcomes and assessment criteria as needed.

Specific Outcomes and Assessment Criteria:

Specific Outcome 1
Use mathematics to plan and control personal and/or household budgets and income and expenditure.

Specific Outcome 2
Use simple and compound interest to make sense of and define a variety of situations.

Specific Outcome 3

Specific Outcome 4

Specific Outcome 5

Specific Outcome 6

Please note that this is a fundamental unit standard, and in accordance with Services SETA can therefore only be accredited if completed with an additional core or elective. Please contact us should you have any questions.