Finance Applications Using Geometric Sequences and Recurrence Relations (VCE SSCE General Mathematics): Flashcards

Quantity changes by same % at regular intervals

$R > 1$

$0 < R < 1$

$R = 1 + \frac{r}{100}$

$R = 1 - \frac{r}{100}$

Adding interest rate because value grows

Subtracting rate because value decreases

Divide annual rate by 4

Divide annual rate by 12

Compound interest and reducing-balance depreciation