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  1. Home
  2. Subjects
  3. Mathematics
  4. AQA Certificate Level 3 Mathematical Studies

AQA Certificate Level 3 Mathematical Studies1350

SpecificationPlanning resourcesTeaching resourcesAssessment resourcesKey dates
1.0 Introduction
2.0 Specification at a glance
3.0 Subject content
3.1 Analysis of data
3.2 Maths for personal finance
3.3 Estimation
3.4 Critical analysis of given data and models (including spreadsheets and tabular data)
3.5 The normal distribution
3.6 Probabilities and estimation
3.7 Correlation and regression
3.8 Critical path analysis
3.9 Expectation
3.10 Cost benefit analysis
3.11 Graphical methods
3.12 Rates of change
3.13 Exponential functions
4.0 Scheme of assessment
5.0 General administration
6.0 Grade descriptions
7.0 Formulae sheet
8.0 Statistical tables
Level 3 Mathematical Studies Specification for first teaching in 2014

Level 3 Mathematical Studies Specification for first teaching in 2014

03 Dec 2020

PDF | 1.06 MB

3.2 Maths for personal finance

Students will be expected to develop and demonstrate confidence and competence in the understanding and application of the following calculations in the solution of problems relating to personal finance.

F1 Numerical calculations

 

Content

Additional information

F1.1

substituting numerical values into formulae, spreadsheets and financial expressions

including bank accounts

F1.2

using conventional notation for priority of operations, including brackets, powers, roots and reciprocals

 

F1.3

applying and interpreting limits of accuracy, specifying simple error intervals due to truncation or rounding

 

F1.4

finding approximate solutions to problems in financial contexts

 

F2 Percentages

 

Content

Additional information

F2.1

interpreting percentages and percentage changes as a fraction or a decimal and interpreting these multiplicatively

 

F2.2

expressing one quantity as a percentage of another

 

F2.3

comparing two quantities using percentages

 

F2.4

working with percentages over 100%

 

F2.5

solving problems involving percentage change

including percentage increase/decrease and original value problems

including simple and compound interest

F3 Interest rates

 

Content

Additional information

F3.1

simple and compound interest

Annual Equivalent Rate (AER)

F3.2

savings and investments

 

F4 Repayments and the cost of credit

 

Content

Additional information

F4.1

student loans and mortgages

Annual Percentage Rate (APR)

F5 Graphical representation

 

Content

Additional information

F5.1

graphical representation

plotting points to create graphs and interpreting results from graphs in financial contexts

F6 Taxation

 

Content

Additional information

F6.1

income tax, National Insurance, Value Added Tax (VAT)

 

F7 Solution to financial problems

 

Content

Additional information

F7.1

the effect of inflation

Retail Price Index (RPI), Consumer Price Index (CPI)

F7.2

setting up, solving and interpreting the solutions to financial problems, including those that involve compound interest using iterative methods

 

F7.3

currency exchange rates including commission

 

F7.4

budgeting

 
3.1 Analysis of data
3.3 Estimation
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