Finding Term n in a Sequence Modelling Geometric Growth and Decay (VCE SSCE General Mathematics): Quizzes
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Practise the questions
10 questions from this quiz
In the formula , what does represent?
In the formula , what does represent?
The initial value
What does indicate in a geometric sequence?
What does indicate in a geometric sequence?
Growth (value increases)
For compound interest, what is the common ratio if interest rate is %?
For compound interest, what is the common ratio if interest rate is %?
What is the common ratio for reducing-balance depreciation at rate %?
What is the common ratio for reducing-balance depreciation at rate %?
An investment of 1000 USD at 10% for 15 years grows to approximately what value?
An investment of 1000 USD at 10% for 15 years grows to approximately what value?
4177 USD
Monthly compounding vs annual compounding produces what result for same rate and time?
Monthly compounding vs annual compounding produces what result for same rate and time?
Higher final value
What denominator is used for daily credit card interest at % annual rate?
What denominator is used for daily credit card interest at % annual rate?
36500
How is total interest earned after periods calculated?
How is total interest earned after periods calculated?
Milk costs 1.70 USD today. At 2.1% inflation for 20 years, what's the future price?
Milk costs 1.70 USD today. At 2.1% inflation for 20 years, what's the future price?
2.58 USD
100,000 USD in 8 years at 3.7% inflation has what current purchasing power (nearest 1000)?
100,000 USD in 8 years at 3.7% inflation has what current purchasing power (nearest 1000)?
75,000 USD