Calculations Using Simple and Compound Interest (Grade 10 NSC Matric Mathematics): Flashcards
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Hire purchase definition
Hire purchase definition
Buy items via instalments with deposit & interest
Interest type: hire purchase
Interest type: hire purchase
Simple interest
Simple interest formula
Simple interest formula
Inflation definition
Inflation definition
Average yearly increase in prices of goods/services
Interest type: inflation
Interest type: inflation
Compound interest
Compound interest formula
Compound interest formula
Monthly payment calculation (hire purchase)
Monthly payment calculation (hire purchase)
Total amount ÷ Number of months
Interest type: population growth
Interest type: population growth
Compound interest
Addition to hire purchase monthly payments
Addition to hire purchase monthly payments
Insurance premium
Why inflation uses compound interest
Why inflation uses compound interest
Increases build on previous year's increases