We are learning to use mathematical modelling to solve practical problems involving rational numbers and percentages, including financial contexts; choose representations, efficient strategies and digital tools; interpret and communicate justified solutions.
A mathematical model represents the quantities, relationships and constraints relevant to a practical problem. Financial models must include the correct percentage base as well as fixed fees, thresholds and timing.
A complete comparison calculates final costs under the same assumptions. For a $480 item, 15% off costs $408, while $90 off plus a $25 fee costs $415.
Sensitivity analysis varies an input to test whether a recommendation changes. A break-even point occurs when two modelled costs are equal, and conclusions should state assumptions and limits rather than claim universal validity.
Success criteria
- I can identify quantities, constraints and assumptions in a practical model.
- I can represent and solve rational-number or percentage comparisons.
- I can test a break-even point and communicate a justified recommendation.