👉 Consumer math involves applying mathematical concepts to everyday financial decisions, such as budgeting, calculating interest rates, comparing prices, and understanding discounts. It requires basic arithmetic skills like addition, subtraction, multiplication, and division, as well as more advanced concepts like percentages, ratios, and compound interest. Consumers use these skills to manage their finances effectively, make informed purchasing decisions, and plan for the future, ensuring they can navigate financial transactions with confidence and accuracy.
