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AED(د.إ)Grade 12-Term 1-Lesson 2-Loan Documents
R46.00
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Resource Description
Grade 12 Mathematical Literacy Term 1 Lesson Plan: Loan Documents and Calculations
Lesson Objectives
By the end of the lesson, learners will:
- Define the different types of loan agreements available in South Africa.
- Understand key terms related to loans (e.g., principal, interest, repayment period, fees).
- Calculate the charges on loan agreements, including interest and fees, using provided formulas.
- Compare different loan options based on the total cost of the loan.
CAPS Reference
In the Mathematical Literacy curriculum, under Finance, learners are expected to work with financial documents, including loan agreements, interest calculations, and the costs associated with loans. This lesson will introduce learners to the different types of loan agreements in South Africa and teach them how to calculate charges associated with loan agreements.
