Basic Foundation Content
apply the four operations, including formal written methods, to integers, decimals and simple fractions (proper and improper), and mixed numbers – all both positive and negative understand and use place value (eg when working with very large or very small numbers, and when calculating with
decimals)
Notes: including questions set in context.
Knowledge and understanding of terms used in household finance, for example profit, loss, cost price, selling price, debit, credit, balance, income tax, VAT and interest rate.