Investments and Loans (HSC SSCE Mathematics Standard): Flashcards

Straight line (linear)

Exponential curve (J-shaped)

$I = Prn$

$I = PV(1+r)^n - PV$

Time period ($n$)

Interest earned ($I$)

Interest increases by same amount each period

Interest accelerates; earns interest on interest

Compound interest

Simple = Straight, Compound = Curve