GRADE 12 – Unit 5: Mathematical Applications in Business

In this unit, Grade 12 Maths Mathematical Applications in Business Ethiopian matric curriculum, we explore how mathematics plays a critical role in business and personal finance applications, focusing on both mathematical concepts and financial literacy. The unit presents each concept within the context of real-world applications, helping students understand why learning mathematics is essential for business and financial decision-making.

Sections Covered in This Unit:

• Basic Mathematical Concepts in Business:
  • This section focuses on concepts like ratios, rates, proportions, and percentages. These are the building blocks for making business decisions, such as determining discounts, markups, and pricing.
• Time Value of Money:
  • This section introduces the time value of money, including the computation of simple and compound interest. Students will learn about important concepts like annuity, amortization, and depreciation, which are essential for understanding loans, savings, and asset management.
• Saving, Investing, and Borrowing Money:
  • Here, we delve into concepts related to saving, investing, and borrowing money. These ideas are vital for understanding personal finance management and making informed decisions in financial planning.
• Taxation:
  • In the last section, we discuss taxation and the different types of taxes applied in Ethiopia. Students will learn about how taxation affects both individuals and businesses, and how it is an integral part of financial planning.

The unit also provides practical examples of how these mathematical concepts can be used in business activities and includes the use of spreadsheets for solving selected problems. By the end of this unit, students will have a foundational understanding of the mathematical tools required to succeed in business and manage their finances effectively.