Finding Term n in a Sequence Modelling Geometric Growth and Decay (VCE SSCE General Mathematics): Flashcards

$V_n = R^n \times V_0$

$R > 1$

$R < 1$

$V_n = \left(1 + \frac{r}{100}\right)^n \times V_0$

$V_n = \left(1 - \frac{r}{100}\right)^n \times V_0$

$A = P\left(1 + \frac{r}{36500}\right)^n$

365 days × 100 for percentage conversion

$\text{Interest} = V_n - V_0$

Higher final value (interest calculated more often)

Continuous upward movement in general level of prices