Applications of Geometric Series (Leaving Cert Mathematics): Flashcards

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Converting AER to a Monthly Rate
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Months in a year for AER conversion

12

Weeks in a year for AER conversion

52

Formula: AER to monthly rate

(1+AER)112−1(1+\text{AER})^{\frac{1}{12}}-1

Formula: AER to weekly rate

(1+AER)152−1(1+\text{AER})^{\frac{1}{52}}-1

Exponent for monthly rate conversion

112\frac{1}{12}

Exponent for weekly rate conversion

152\frac{1}{52}

4%4\% AER to monthly rate

0.327%0.327\%

4%4\% AER to weekly rate

0.0755%0.0755\%

(1+AER)112−1(1+\text{AER})^{\frac{1}{12}}-1 calculates

Monthly rate

(1+AER)152−1(1+\text{AER})^{\frac{1}{52}}-1 calculates

Weekly rate

Explore Leaving Cert Mathematics Revision Notes by Topics

Fundamentals of Arithmetic

The Basics

Income Tax

Compound Interest & Depreciation

Applications of Geometric Series

Amortisation Formula

Explore Leaving Cert Mathematics Model Answers by Topics

Fundamentals of Arithmetic

The Basics

Income Tax

Compound Interest & Depreciation

Applications of Geometric Series

Amortisation Formula

Explore Leaving Cert Mathematics Quizzes by Topics

Fundamentals of Arithmetic

The Basics

Income Tax

Compound Interest & Depreciation

Applications of Geometric Series

Amortisation Formula

Explore Leaving Cert Mathematics Exam Questions by Topics

Fundamentals of Arithmetic

The Basics

Income Tax

Compound Interest & Depreciation

Applications of Geometric Series

Amortisation Formula

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