Using an Explicit Rule for Geometric Growth or Decay (VCE SSCE General Mathematics): Quizzes

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Using an Explicit Rule for Geometric Growth or Decay
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What is the main advantage of using an explicit rule for geometric sequences?

Find any term without prior terms

In the general explicit rule Vn=Rn×V0V_n = R^n \times V_0, what does RR represent?

The common ratio or multiplier

If R=0.85R = 0.85 in a geometric sequence, what does this indicate?

Decay (values decrease)

Write the explicit rule for V0=8V_0 = 8, Vn+1=3VnV_{n+1} = 3V_n.

Vn=3n×8V_n = 3^n \times 8

For compound interest at 9% per annum, what is the growth multiplier RR?

1.091.09

For 20% reducing balance depreciation, what is the decay multiplier RR?

0.80.8

Using Vn=1.06n×5000V_n = 1.06^n \times 5000, find V3V_3 to nearest cent.

5955.08 USD

An investment grows from 10000 USD to 14115.82 USD. How to find total interest earned?

Subtract principal from final value

To find interest earned in the fourth year only, what should you calculate?

V4V3V_4 - V_3

If n=8.0661n = 8.0661 years for investment to reach 8000 USD, when does it exceed 8000 USD?

After 9 years

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