Grade 7 Financial Mathematics Formal Assessment & Reflection

This resource contains a 40 mark formal assessment which covers all content involved in financial mathematics Term 1 for Grade 7 learners. It also includes skills such as rate, ratio and percentage which learners need to know and understand to grasp financial mathematics. The assessment is divided into 4 sections with differentiated questions and cognitive levels. The mark distribution follows the guidelines of the Senior Phase CAPS document (DBE, 2011).

This pack includes a the formal assessment which could be used as an open book or revision booklet. It includes a memorandum as well as a self-assessment in the form of a reflection.

The assessment covers the following areas:

• Rate
• Ratio
• Percentage
• Income and Expenses
• Profit and Loss
• Budgets
• Discounts
• Accounts
• Loans and Simple Interest

All of the above are explored in a range of contexts and at different cognitive levels.