Compound Growth and Decay (AQA GCSE Maths): Flashcards

$N = N_0 \times (\text{multiplier})^n$

Final amount after $n$ time periods

Initial amount (starting value)

$1 +$ percentage as decimal

$1 -$ percentage as decimal

Each year

$1.05$

$0.74$

Growth: $>1$, Decay: $<1$

Compound: % on new amount each time, not original