Finance Applications Using Arithmetic Sequences and Recurrence Relations (VCE SSCE General Mathematics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is linear growth?
What is linear growth?
Quantity increases by same fixed amount
An investment of 5000 USD earns simple interest at 6% per year. What is ?
An investment of 5000 USD earns simple interest at 6% per year. What is ?
300 USD
Which recurrence relation models simple interest with principal 2000 USD and ?
Which recurrence relation models simple interest with principal 2000 USD and ?
,
If and , what is ?
If and , what is ?
3400 USD
What is flat rate depreciation?
What is flat rate depreciation?
Asset loses same fixed amount each period
A car worth 20,000 USD depreciates at 8% per year. What is ?
A car worth 20,000 USD depreciates at 8% per year. What is ?
1600 USD
Unit cost depreciation is based on what factor?
Unit cost depreciation is based on what factor?
How much the asset is used
Using , find if and .
Using , find if and .
8000 USD
For linear decay, what is true about ?
For linear decay, what is true about ?
(negative)
If years when solving for time, what should you report?
If years when solving for time, what should you report?
24 years