This is a Mathematical Literacy Grade 12 control test set by the Johannesburg North district in Gauteng, dated March 2026, worth 100 marks and to be completed in 2 hours. Question 1 uses a mortgage loan letter for Mr and Mrs Jones to test learners on interpreting a change in variable home loan interest rate, and calculating figures such as VAT on the administration fee within their new monthly repayment.
The following document, Mathematical Literacy Grade 12 Term 1 Control Test.pdf, is the full document.
Term 1 Content Brief
Mathematical Literacy Grade 12 Term 1 Control Test PDF FSI-043
Key terms covered include mortgage loans, variable interest rates, VAT (value added tax), and monthly repayments.
The paper consists of 16 pages including the cover page, and has four questions, each to be answered in the space provided on the question paper. Question 1 uses a bank letter about a mortgage loan interest rate change.
By the end of this paper, learners should be able to interpret a financial document such as a mortgage loan letter, calculate VAT on a fee, and work with interest rates and monthly repayments in a real life financial context.